US signs energy and AI deals with Balkan countries as its influence widens

The U.S. is seeking to deepen ties and counter the influence of Russian oil and gas in southern Europe, having signed ‌a long-term deal last year to export liquefied natural gas to Greece. "President Trump is opening a new era of cooperation with southern, and central and eastern Europe," U.S. Energy Secretary Chris Wright told reporters at the Three Seas Initiative business ‌forum in Dubrovnik, Croatia.

US signs energy and AI deals with Balkan countries as its influence widens
  • Country:
  • Croatia

The United States and U.S. companies signed deals ​worth billions of dollars with Balkan countries on ​Tuesday, boosting Washington's energy presence in the ‌region ​and backing AI development. The U.S. is seeking to deepen ties and counter the influence of Russian oil and gas in southern Europe, having signed ‌a long-term deal last year to export liquefied natural gas to Greece.

"President Trump is opening a new era of cooperation with southern, and central and eastern Europe," U.S. Energy Secretary Chris Wright told reporters at the Three Seas Initiative business ‌forum in Dubrovnik, Croatia. In Tirana, U.S. ambassador to Greece Kimberly Guilfoyle signed a $6 billion, 20-year agreement between ‌Venture Global and Aktor LNG USA to export LNG to Albania.

"This commitment strengthens energy security - and national security - across the entire region," Guilfoyle said on X. The deal came as Wright confirmed U.S. backing for an agreement between Bosnia and Herzegovina and Croatia to ⁠build ​a gas pipeline carrying U.S. natural ⁠gas from an LNG terminal on the Croatian island of Krk to Bosnia.

The project, which aims to diversify Bosnia's energy supplies and ⁠reduce its reliance on Russian gas, will be financed and led by U.S. company AAFS Infrastructure and Energy LLC. The ​company is run by Jesse Binnall, a former Trump lawyer, and Joseph Flynn, the brother of ⁠Trump's former national security adviser Michael Flynn. AAFS has said it would invest about 1.5 billion euros ($1.8 billion) in the project.

Croatia and the U.S. ⁠also ​issued a joint statement on cooperation in civilian nuclear energy. Separately, Croatian engineering company Rade Koncar and U.S.-based investment group Pantheon Atlas LLC signed a letter of intent to participate in an AI development and data ⁠centre project in central Croatia, estimated to be worth 50 billion euros.

The plans envisage a facility with 1 gigawatt ⁠of power capacity for ⁠AI computing and cloud services, with construction tentatively due to start in 2027 and operations by 2029, subject to permits and grid upgrades.

TRENDING

OPINION / BLOG / INTERVIEW

Privacy concerns don’t stop AI use; trust and perceived benefits do

Healthcare AI as critical infrastructure: Why preparedness must come first

Hidden factor behind AI success in organizations revealed

Students thought they were job-ready, but AI proved them wrong

DevShots

Latest News

Connect us on

LinkedIn Quora Youtube RSS
Give Feedback