Stock Markets April 28, 2026 10:06 AM

U.S. Expands Energy and AI Agreements Across the Western Balkans

Multi-billion dollar LNG and infrastructure deals, plus a proposed AI data centre, mark widening U.S. engagement in the region

By Derek Hwang
U.S. Expands Energy and AI Agreements Across the Western Balkans

At the Three Seas Initiative business forum in Dubrovnik, Croatia, U.S. officials and American companies finalized multiple high-value agreements with Balkan states to broaden U.S. energy supply and back artificial intelligence infrastructure. Major transactions include a $6 billion, 20-year LNG export deal to Albania, U.S.-backed financing for a pipeline to carry U.S. gas from Croatia's Krk island to Bosnia and Herzegovina, and a letter of intent for an AI data centre project in central Croatia estimated at 50 billion euros. Several projects are conditional on permits, financing and grid upgrades.

Key Points

  • U.S. officials and American companies concluded multi-billion dollar agreements with Balkan countries to expand energy exports and support AI infrastructure.
  • A $6 billion, 20-year LNG export agreement between Venture Global and Aktor LNG USA was signed to supply Albania; U.S. officials framed the deal as strengthening regional energy and national security.
  • AAFS Infrastructure and Energy LLC said it will finance and lead a pipeline project from Croatia's Krk LNG terminal to Bosnia, with an expected investment of about 1.5 billion euros; Rade Koncar and Pantheon Atlas signed an LOI for a 50 billion euro AI data centre in central Croatia.

DUBROVNIK, Croatia, April 28 - U.S. representatives and American firms signed several contracts worth billions of dollars with Balkan nations on Tuesday, expanding Washington's footprint in regional energy markets and supporting AI infrastructure initiatives.

Speaking at the Three Seas Initiative business forum in Dubrovnik, U.S. Energy Secretary Chris Wright framed the events as part of a broader strategic opening. "President Trump is opening a new era of cooperation with southern, and central and eastern Europe," Wright said to reporters.

In Tirana, an accord was formalised when U.S. ambassador to Greece Kimberly Guilfoyle signed a $6 billion, 20-year agreement between Venture Global and Aktor LNG USA to deliver liquefied natural gas to Albania. Guilfoyle described the pact on X as strengthening both "energy security - and national security - across the entire region." The agreement follows a long-term deal signed last year to export U.S. LNG to Greece and is presented as a step toward diversifying supplies away from Russian gas.

Wright also confirmed U.S. endorsement for a Bosnia and Herzegovina-Croatia pipeline agreement that would transport U.S. natural gas from an LNG terminal on the Croatian island of Krk to Bosnia. The pipeline project is planned to be financed and led by U.S. company AAFS Infrastructure and Energy LLC, which is run by Jesse Binnall and Joseph Flynn. AAFS has stated it would invest approximately 1.5 billion euros in the venture.

Croatia and the United States additionally issued a joint statement indicating cooperation in civilian nuclear energy, while separate commercial arrangements targeted AI and data infrastructure.

Croatian engineering firm Rade Koncar and U.S.-based investment group Pantheon Atlas LLC signed a letter of intent to take part in an AI development and data centre project in central Croatia that is estimated at 50 billion euros. Project plans envisage a facility with 1 gigawatt of power capacity dedicated to AI computing and cloud services, with tentative construction start in 2027 and operations projected by 2029. Those timelines and the expected power capacity are conditional on securing the necessary permits and on upgrades to the electricity grid.

The agreements collectively underscore an intensifying U.S. role in Balkan energy supply chains and an interest in enabling large-scale AI infrastructure, while several of the proposed projects remain dependent on regulatory approvals, financing arrangements and grid improvements.

Risks

  • The central Croatia AI data centre is contingent on permits and electricity grid upgrades, creating regulatory and infrastructure risks for the project and the broader tech and energy sectors.
  • The Bosnia-Croatia pipeline depends on AAFS Infrastructure and Energy LLC's financing and leadership, posing execution and financing risk for energy and infrastructure markets if commitments change.
  • Timelines for construction and operations - including a tentative 2027 start and 2029 operations date for the AI centre - are provisional and subject to approvals, introducing schedule uncertainty for investors and local utilities.

More from Stock Markets

U.S. Homelessness Shows Early Signs of Leveling, New Analysis Finds Apr 28, 2026 Nucor Stock Climbs to New Peak After Q1 Revenue Tops Estimates Apr 28, 2026 Casablanca Market Finishes Lower as Utilities, Banking and Mining Weigh on Index Apr 28, 2026 Taiwan Court Imposes Fines and Prison Terms in Case Over TSMC Trade Secrets Apr 28, 2026 Citi Sees Limited Overheating Risk in Japan's Tech-Led Rally Apr 28, 2026