Excelerate, Snam plan to build gas pipeline in Albania

Texas-based floating LNG player Excelerate Energy is joining forces with Italian energy firm Snam to build a natural gas pipeline in Albania.

Excelerate has earlier this year signed a memorandum to conduct a feasibility study for the potential development of an LNG import terminal in the Port of Vlora in Southern Albania.

The project would involve converting Albania’s 98 MW Vlora thermal power plant to LNG but also the construction of a regasification terminal.

The US company said on Thursday it signed a new memorandum of understanding in Tirana with Snam and Albanian state-owned gas firm Abgaz.

Moreover, the trio would explore potential cooperation for the construction of a natural gas pipeline from the 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,” the statement said.

Snam and Albgaz could potentially operate and maintain the future pipeline.

The planning would begin immediately with representatives from each company forming a coordination team, the statement said.

“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,” Steven Kobos, chief executive of Excelerate, said.

“Together with Snam and Albgaz, we recognize the potential impact this pipeline can have for the region,” he said.

- Advertisements -

Most Popular

Brazil’s GNA gets approval to launch first LNG power plant

Brazilian joint venture Gas Natural Acu has commissioned the first plant as part of its LNG-to-power project in the...

Canada’s FortisBC shrinks expansion plans for Tilbury LNG

Canadian utility FortisBC is scaling back expansion plans for its Tilbury LNG facility in British Columbia. The second expansion phase...

Stena adds LNG power barge to its portfolio

A unit of Sweden’s Stena said it has expanded its jetty-less LNG offering with an integrated power barge (IPB). The...

More News Like This

Excelerate appoints head of operations

Texas-based floating LNG player Excelerate Energy said it has appointed David A. Liner as vice president of operations and...

Excelerate says to import LNG via Brazil’s Bahia terminal

Texas-based floating LNG player Excelerate Energy said it would start importing liquefied natural gas via Brazil's Bahia terminal following...

Excelerate’s FSRU completes 100th STS LNG transfer off Bangladesh

Excelerate Energy’s FSRU, which serves the Moheshkhali floating LNG terminal, has completed its 100th ship-to-ship transfer offshore Bangladesh. The milestone...

Excelerate’s FSRU starts Bahia Blanca work

Texas-based floating LNG player Excelerate Energy said that its FSRU Exemplar has started operations in Bahia Blanca, a port...