From left, Excelerate's Steven Kobos, Albania Infrastructure and Energy Minister Belinda Balluku, and ExxonMobil's Ed Austin sign the MOU to study an LNG-to-power project. PHOTO SOURCE: Excelerate Energy L.P.
Excelerate Energy L.P. reported that it, along with ExxonMobil LNG Market Development Inc., signed a memorandum of understanding (MOU) March 12 with Albania’s government to conduct a study assessing and evaluating the potential of developing an LNG project in the Balkan country.
The pre-feasibility and feasibility study will explore the potential of an integrated LNG-to-power project in the Port of Vlora in Southern Albania, Excelerate noted in a written statement emailed to Rigzone. The firm, which specializes in floating LNG regasification, explained the potential development would entail converting and/or expanding the existing Vlora thermal power plant and establishing small-scale LNG distribution to Albania and elsewhere in the Balkans region.