On Tuesday, February 24th, the Transatlantic Gas Security Summit was held in Washington, D.C., hosted by Chairman of the National Energy Dominance Council and Secretary of the Interior, Doug Burgum, and Vice Chairman of the Council and Secretary of Energy, Chris Wright.
At the summit, a Memorandum of Understanding was signed by Chairman of the Israeli-owned M.T. Abraham Group, Amir Gross Kabiri, and Chairman of Atlantic-See LNG Trade, Alexandros Exarchou, establishing the framework for a long-term liquefied natural gas (LNG) supply agreement. The agreement secures a stable supply of U.S. LNG for Aluminij Industries, a subsidiary of M.T. Abraham Group and one of the largest aluminium producers in Southeastern Europe.
The signed MOU lays a foundation for a 20-year LNG supply Agreement between M.T. Abraham Group and Atlantic-See LNG Trade, which will be finalized and be signed by the end of 2026.
The LNG will be supplied by Venture Global Commodities, LLC via the Southern Gas Interconnection pipeline and utilized by Aluminij Industries’ planned Combined-Cycle Gas-Turbine (CCGT) power plant. The CCGT power plant will secure a stable electricity supply for Aluminij’s primary aluminium smelter operation.
This undertaking represents the most significant U.S. LNG supply to Bosnia and Herzegovina and the region.
The transaction is part of President Donald J. Trump's strategic goals to advance transatlantic cooperation on secure, diversified natural gas supply to Europe, including increased flows of U.S. LNG to Eastern Europe and the Western Balkans.
Amir Gross Kabiri, Chairman of M.T. Abraham Group:
“I am grateful for the trust placed in the M.T. Abraham Group by the US administration to be the pivotal U.S. LNG importer to BiH and to ensure that the Herzegovina region has reliable energy stability, supporting its industry to thrive, creating more job opportunities, and advancing its economy to meet its potential.
I want to extend my gratitude to Ambassador Kimberly Gulifoyle for her determination and commitment in laying the groundwork for further energy development in the Balkan region.
The United States of America's active presence in BiH allows further investment to flow in, ensuring growth and security.”
