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Gas Pipeline Would Bolster Energy Security for Albania
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Excelerate Energy, Snam and Albgaz ink MoU
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Excelerate Energy, Snam, and Albgaz sign MoU
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- Excelerate Energy, Snam, and Albgaz...
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THE WOODLANDS, Texas, July 15, 2021 /PRNewswire/ Excelerate Energy L.P. (Excelerate), Snam S.p.A (Snam), and Albgaz Sh.a (Albgaz) today signed a Memorandum of Understanding (MOU), in Tirana, Albania, 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, stated Steven Kobos, President and Chief Executive Officer of Excelerate. Together with Snam and Albgaz, we recognize the potential impact this pipeline can have for the region.