Advertisement Excelerate Energy L.P., ExxonMobil LNG Market Development Inc. (ExxonMobil), and the Republic of Albania (The Ministry of Infrastructure and Energy) recently signed a Memorandum of Understanding (MoU) to conduct a feasibility study for the potential development of an LNG Project in the Port of Vlora in Southern Albania. Under the MoU, Excelerate will conduct a study to explore the potential of an integrated LNG to power solution that includes developing an LNG import terminal, converting and/or expanding the existing Vlora thermal power plant, and establishing small scale LNG distribution to Albania and the surrounding Balkans region. “As Albania looks to improve energy security and resiliency, we are confident that an LNG solution would provide reliability to the country’s power grid while complementing intermittent renewables and alternative resources,” said Steven Kobos, President and Chief Executive Officer of Excelerate. “We are pleased to work with our partners in developing a reliable and affordable solution for Albania’s energy resilience.”