Albania and Bosnian aluminium producer sign long-term US LNG supply deals

Albgaz and Bosnia-based Aluminij Industries have entered separate long-term agreements for US liquefied natural gas supply, with both deals involving Aktor LNG USA.

Under the Albanian agreement, Albgaz is set to receive around 1 billion cubic metres of LNG annually beginning in 2030. The contract runs for 20 years, with estimated total revenues of roughly EUR 6 billion (USD 7 billion) over the duration of the deal.

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Alongside the supply agreement, Aktor LNG USA also signed a memorandum with Albania’s Ministry of Infrastructure and Energy to study the development of a larger energy hub project. Plans under discussion include a gas-fired power plant with capacity of around 380 MW. The project is reported to have backing from the United States government.

A separate agreement was signed with Aluminij Industries, which operates in Bosnia and Herzegovina and is part of the M.T. Abraham Group. That deal covers supply of around 0.5 billion cubic metres of gas per year, also beginning in 2030 and running for two decades.

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Estimated revenues linked to the Bosnian agreement are placed at around EUR 3 billion (USD 3.5 billion) over the life of the contract.

The companies are also working together on a proposed gas-fired power plant at the aluminium smelting facility in Mostar, which would support operations at the site.

The agreements reflect broader efforts across the region to secure longer-term energy supply while supporting industrial and power generation projects tied to gas infrastructure.

Also read: Hydro acquires long-term power supply contract from Statkraft for aluminium plants

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