Spain’s Enagas and Albania’s Albgaz pen LNG cooperation deal

Spanish LNG terminal operator Enagas has signed a memorandum of understanding with Albanian state-owned firm Albgaz to cooperate in natural gas and LNG projects.

The CEOs of Enagas, Arturo Gonzalo, and Albgaz, Arber Avrami, signed the deal in Madrid on Thursday, according to a statement by Enagas.

“This agreement lays the foundation for contributing to the security of energy supply, not only in Albania but also at regional level, and to the decarbonization of its economy by displacing polluting fuels and also promoting renewable gases,” the statement said.

Gonzalo said in the statement that this agreement opens up important avenues for future collaboration, as collaboration between European TSOs “is key in the current context” .

He also said that the company already has a relationship with Albgaz thanks to the presence of Enagas in the 16 percent shareholding of the Trans Adriatic Pipeline (TAP) ─ which links Turkey with Italy through Greece and Albania, as well as in its eventual expansion, and has a 12 percent stake in the Greek operator DESFA.

Vlora LNG terminal

For his part, Avrami, pointed out that this memorandum outlines the possibilities of cooperation on a “number of projects” including the IAP, Vlora LNG terminal, Dumrea underground storage and small-scale LNG distribution program.

“I am convinced that this cooperation will be an added guarantee towards the completion of these ambitious projects and the vision that foresees the transformation of Albania in a regional energy hub,” he said.

In May, US floating LNG player Excelerate Energy revealed plans to deploy its FSRU Excelsior to serve the Vlora LNG project in Albania after the unit completes its contract in Israel.

Last year, Excelerate Energy signed a deal with Italy’s Snam and Albgaz to build a natural gas pipeline in Albania.

Prior to that, Excelerate signed a memorandum to conduct a feasibility study for the potential development of an integrated LNG-to-power solution, including an LNG import terminal in the Port of Vlora in southern Albania.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Wilhelmshaven LNG jetty ready to welcome Excelerate’s FSRU

Dutch marine contractor Van Oord announced on Monday it had completed the new jetty for its client, state-owned LNG...

More News Like This

Spanish LNG imports continue to rise

Spanish liquefied natural gas (LNG) imports jumped in April, with the US supplying most of the volumes.

Spanish LNG imports jump

Spanish liquefied natural gas (LNG) imports jumped in March, with the US supplying most of the volumes.

Keel laid for Scale Gas LNG bunkering vessel in China

Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering has laid the keel for a liquefied natural gas (LNG) bunkering vessel it is building for Scale Gas, a unit of Spain’s Enagas.

Spain’s Sagunto LNG terminal gets 1000th cargo

Spain’s Sagunto liquefied natural gas import terminal near Valencia has received its 1000th cargo onboard Latsco's LNG carrier Hellas Athina.