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Balluku in Athens: Albania Aims to Become a Net Energy Exporter by 2030

Deputy Prime Minister and Minister of Infrastructure and Energy Belinda Balluku attended the 6th meeting of the Partnership for Transatlantic Energy Cooperation (P-TEC), held in Athens.

Stronger Transatlantic Energy Ties

Speaking to the media, Balluku said the meeting marked the start of closer cooperation between the U.S. Department of Energy, the European Union, and the countries of Central and Southern Europe.

According to her, U.S. Energy Secretary Chris Wright delivered an inspiring address focused on energy security, transatlantic collaboration, and joint efforts to reduce Europe’s dependence on Russian gas.

Athens Signs Key LNG Agreement

Balluku noted that the Greek government signed an important agreement during P-TEC 6 to open Europe’s doors to American liquefied natural gas (LNG). As a result, the region is becoming a key strategic hub for energy and geopolitics.

She added that Secretary Wright highlighted the role of new technologies, especially Artificial Intelligence, in transforming the energy sector. In his words, AI will soon deliver remarkable and sustainable results for Europe’s energy systems.

Meanwhile, Greek Prime Minister Kyriakos Mitsotakis announced that in 2024, Greece became a net energy exporter for the first time.

Albania’s 2030 Vision

During the ministerial session, Balluku said she informed her European counterparts and strategic allies about Albania’s long-term energy goals.

“Albania aims to become a net energy exporter by 2030,” she said. “We are sharing our plans for key interconnection projects, including the Energy Corridor VIII and the East-West Corridor, linking Romania, Bulgaria, North Macedonia, Albania, and Italy.”

Strategic Interconnection with Italy

Balluku also emphasized the importance of the undersea power line between Albania and Italy. According to her, this project was recognized by participants as an essential investment for the energy security of Southeastern Europe.

U.S. Engagement Strengthens Stability

“The active involvement of the U.S. Department of Energy in Europe’s energy sector is both encouraging and vital,” Balluku said. “It guarantees long-term stability and supports energy independence.”

Finally, she highlighted the presence of U.S. Secretary of the Interior Doug Burgum at the Athens meeting, describing it as a sign of the strategic importance of energy in global security.

“His participation clearly shows the crucial role that energy plays in ensuring world stability,” Balluku concluded.

/a.c/

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