Albania has signed a landmark $6 billion agreement with U.S. and Greek partners to develop a major liquefied natural gas (LNG) project in Vlora.
The deal was concluded between ALBGAZ, U.S.-based Venture Global LNG, and Greece’s Aktor LNG, establishing a 20-year partnership aimed at supplying liquefied natural gas from the United States to Southern Europe. The agreement focuses on building critical infrastructure in Vlora, where LNG will be imported by sea, regasified, and integrated into regional energy networks.
The Albanian government plans to revitalize the Vlora energy hub by upgrading the existing thermal power plant and adding approximately 250 MW of new generation capacity. The project also includes the construction of the Fier–Vlora pipeline, which will connect the facility to the national and regional gas transmission systems, strengthening energy distribution across the Balkans.
Officials say the initiative could position Albania as a strategic energy gateway in the Western Balkans, linking LNG imports with broader European markets. The agreement was signed in the presence of Prime Minister Edi Rama and the U.S. Ambassador to Greece, who emphasized the project’s role in enhancing regional energy security and cooperation.
In a public statement, the ambassador noted that the deal aligns with the energy agenda of Donald Trump, highlighting its importance for strengthening transatlantic ties and boosting economic and national security across the region.