Albania Strengthens Transatlantic Energy Ties as Balluku Sets 2030 Goal for Net Energy Exports

The 6th meeting of the Partnership for Transatlantic Energy Cooperation (P-TEC) was held in Athens. The meeting emphasized the importance of collaboration. This collaboration is between the United States, the European Union, and Central and Southeastern European countries. The goal of this collaboration is to strengthen energy security and reduce dependence on Russian resources. Greece’s new agreement to increase access to American liquefied gas was highlighted as a strategic step for the region’s energy stability.
During the ministerial session, Deputy Prime Minister and Minister of Infrastructure and Energy Belinda Balluku announced that Albania intends to transform itself from an energy-importing country into a net energy exporter by 2030. She presented the country’s key electricity interconnection projects, including the Energy Corridor VIII and the East-West Corridor, which will link Romania, Bulgaria, North Macedonia, Albania, and Italy. She also mentioned the undersea transmission line to Italy. Participants recognized the investment as a major contribution to the energy security of Southeastern Europe.
P-TEC 6 emphasized the impact of new technologies, particularly artificial intelligence, on improving the efficiency of energy production and market management across Europe. U.S. Secretary of Energy Chris Wright emphasized the importance of transatlantic coordination for developing a sustainable and independent energy system. U.S. Secretary of the Interior Doug Burgum highlighted the energy sector’s strategic role in global security.