Excelerate Energy, Snam and Albgaz have signed a memorandum of understanding to explore potential cooperation for the construction of a natural gas pipeline from the Albanian Vlora Terminal to other natural gas infrastructure opportunities in Albania.
Under this MOU, Excelerate, Snam and Albgaz will explore joint solutions, which could potentially supply underground gas storage in Albania, providing crucial energy security to the region.
“Leveraging our downstream capabilities and working alongside Albania to explore expanding their access to reliable energy, we are able to take an integral step towards energy security for the country,” said Steven Kobos, president and CEO of Excelerate. “Together with Snam and Albgaz, we recognize the potential impact this pipeline can have for the region.”
Excelerate has delivered reliable, clean energy to markets across the globe, developing and operating 13 LNG terminals worldwide. This MOU is the latest example of t
