US Eyes European Gas Dominance through Balkans

The new floating terminal for liquefied gas boosts Croatia's import capacity. DENIS LOVROVIC / AFP/File
The new floating terminal for liquefied gas boosts Croatia's import capacity. DENIS LOVROVIC / AFP/File
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US Eyes European Gas Dominance through Balkans

The new floating terminal for liquefied gas boosts Croatia's import capacity. DENIS LOVROVIC / AFP/File
The new floating terminal for liquefied gas boosts Croatia's import capacity. DENIS LOVROVIC / AFP/File

As Europe weans itself off Russian energy, Washington is fast emerging as its largest gas supplier, with experts suggesting Croatia's Adriatic gas terminal offers a pathway deeper into the continent.

Since Russia invaded Ukraine in 2022, gas supplies flowing from the east have become increasingly weaponized -- accelerating Brussels' plans to reduce its reliance on Moscow, said AFP.

Russia still supplies around 12 percent of the bloc's gas imports, according to the European Council, but by the end of 2027 it will ban them completely.

To meet this deadline, the European Union has spent billions of euros on infrastructure to be able to handle the needed volumes of liquefied natural gas (LNG), which will make the bloc the largest importer in the world.

- Balkan push -

One of the key sites is Croatia's floating LNG terminal off the island of Krk, which following a recent upgrade is now capable of handling around two percent of the EU's annual gas consumption at nearly 6.1 billion cubic meters.

Connecting pipelines link it to Hungary, allowing US gas to flow into central Europe.

But energy analyst Ivan Brodic said its future could be much bigger, as the terminal's largest supplier -- the United States -- looks to push Russia out of the market completely.

Already the EU's largest source of LNG, the US is forecasted to overtake Norway as bloc's largest natural gas supplier in 2026, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

"Americans do not want Russian capital in the energy sector in this region anymore," Brodic told AFP.

"That is why they are pushing for the gas interconnection between Bosnia and Croatia."

The US-backed pipeline between the Balkan nations plans to link Bosnia to Krk, and loop it into Europe's gas network.

Some analysis suggests it could even offer the cheapest gas for a post-war Ukraine.

- 'Peace pipelines' -

Earlier this year, US Energy Secretary Chris Wright used a summit to promote the Trump Peace Pipelines Framework -- a plan to expand energy infrastructure across central and eastern Europe.

The US plan could turn Croatia into a major transit point for fuel imports, including oil, beyond the Balkans into other parts of Europe.

Alongside its LNG facility, Croatia also boasts oil pipelines connecting it to Bosnia, Hungary, Slovenia and Serbia -- capable of pumping nearly half a million barrels of crude per day.

"Energy dependence on Russia remains a strategic vulnerability in the region," said a State Department report submitted to Congress in May.

"Diversifying energy supplies, including with abundant US sources, enhances regional stability and prosperity."

- A Ukraine supply route -

For the EU and Croatia, the Krk terminal has already proven its value as its supply fully booked until 2036, according to LNG Croatia managing director Ivan Fugas.

"It was not only important for Croatia, but definitely also for the EU as it got an additional natural gas entry point," Fugas said.

The terminal, operating since 2021, was strongly supported by the US while Brussels funded nearly half of its more than 230 million euros cost.

The terminal's success has also been noticed in Kyiv.

Ukraine's underground storage operator, Ukrtransgaz, presented earlier this year an analysis showing that Croatia's LNG terminal could provide the cheapest route to supply the country.

Boasting one of Europe's largest underground gas storage networks, much of it dating back to the Soviet era, Ukraine could also solve a key problem of storing the large amounts of imported gas that could then also be sent elsewhere in Europe.

Ukrainian President Volodymyr Zelenskyy and Croatian Prime Minister Andrej Plenkovic met earlier this year to discuss energy supply and storage, but there have been no official announcements.

With major investments, it could become a shorter and cheaper route to Ukraine than existing options via Greece or Poland.

"But that does not mean anything if Croatia does not have the capacity," Fugas said, flagging the necessary pipeline upgrade for any new demand.



Sydney’s New International Airport Opens to Passengers

 A Jetstar aircraft departs on the inaugural commercial service from the newly-opened Western Sydney International Airport in Sydney on October 25, 2026, marking the start of regular passenger operations at Australia's newest international gateway. (AFP)
A Jetstar aircraft departs on the inaugural commercial service from the newly-opened Western Sydney International Airport in Sydney on October 25, 2026, marking the start of regular passenger operations at Australia's newest international gateway. (AFP)
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Sydney’s New International Airport Opens to Passengers

 A Jetstar aircraft departs on the inaugural commercial service from the newly-opened Western Sydney International Airport in Sydney on October 25, 2026, marking the start of regular passenger operations at Australia's newest international gateway. (AFP)
A Jetstar aircraft departs on the inaugural commercial service from the newly-opened Western Sydney International Airport in Sydney on October 25, 2026, marking the start of regular passenger operations at Australia's newest international gateway. (AFP)

Sydney's new ‌A$5.6 billion ($3.94 billion) airport opened to passengers on Sunday after more than a decade of planning, in what Prime Minister Anthony Albanese said was a milestone for the country's most populous city.

The new Western Sydney International Airport in Badgerys Creek, about 60 km (37.3 miles) west of central Sydney, will operate 24 hours a day, ‌giving airlines ‌access to a fast-growing and ethnically ‌diverse ⁠population center.

The current ⁠airport, located closer to Sydney's central business district, can host takeoffs and landings only until 11 p.m. and after 6 a.m., limiting airline scheduling options relative to other major Australian cities like Melbourne.

"For ⁠the first time in more ‌than 50 years, ‌Australia is opening a major new airport. It’s ‌a milestone that has been decades in ‌the making," Albanese said in a statement.

"I’m very proud to officially open it," he said.

Qantas' budget arm Jetstar was due to ‌operate the first outbound flight to the Gold Coast on Sunday, ⁠the ⁠airport said in a statement. The airport has capacity for more than 80 million passenger movements annually, it said.

The start of passenger services comes after cargo flights commenced at the facility in July.

Located on a 1,780-hectare (4,398-acre) site purchased by the federal government in the 1980s, the airport was completed in July 2025 after a seven-year build and 15 years of planning.


Trump Says Audi to Invest $4.2 Bn in Its First US Auto Plant

US President Donald Trump looks on as CEO of Audi AG Gernot Dollner speaks at a midterm election campaign rally at Guardian Centers of Georgia in Perry, Georgia on October 24, 2026. (AFP)
US President Donald Trump looks on as CEO of Audi AG Gernot Dollner speaks at a midterm election campaign rally at Guardian Centers of Georgia in Perry, Georgia on October 24, 2026. (AFP)
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Trump Says Audi to Invest $4.2 Bn in Its First US Auto Plant

US President Donald Trump looks on as CEO of Audi AG Gernot Dollner speaks at a midterm election campaign rally at Guardian Centers of Georgia in Perry, Georgia on October 24, 2026. (AFP)
US President Donald Trump looks on as CEO of Audi AG Gernot Dollner speaks at a midterm election campaign rally at Guardian Centers of Georgia in Perry, Georgia on October 24, 2026. (AFP)

US President Donald Trump announced on Saturday that German automaker Audi planned to invest $4.2 billion to build its first factory in the United States that will produce 200,000 vehicles a year.

Audi confirmed the investment in a release, saying the plant would create about 4,500 jobs.

"I'm thrilled to announce a massive auto manufacturing investment in the great state of Georgia by a fantastic company," Trump said at a campaign rally 10 days ahead of the November 3 midterm elections that will determine control of the US Congress.

"Audi has just committed to invest $4.2 billion dollars in nearby Macon, Georgia, to begin the construction next month on a massive plant that will produce 200,000 cars a year," Trump continued.

Audi, which is a unit of Volkswagen, said in its release that construction was scheduled to begin next year and production in the early 2030s.

"The planned investment intends to mark a long-term commitment to the United States and to establish North America as a third major pillar of Audi's global production network alongside Europe and China," it said.

VW, long a titan of German industry, has struggled with US tariffs, Chinese competition and patchy demand in Europe.

About 50,000 job cuts have already been agreed across the 10-brand Volkswagen Group -- mostly at VW, Audi and Porsche -- but the company has said another 50,000 could be required worldwide to slash costs.


Saudi Arabia’s Bahri Signs $451 Million Deal to Build Three VLCCs

A Bahri vessel (company website).
A Bahri vessel (company website).
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Saudi Arabia’s Bahri Signs $451 Million Deal to Build Three VLCCs

A Bahri vessel (company website).
A Bahri vessel (company website).

The national shipping carrier of Saudi Arabia, Bahri, has signed a contract with International Maritime Industries (IMI) to build and deliver three very large crude carriers (VLCCs) for a total value of about $451 million (1.692 billion riyals), the company said.

Each vessel will have a capacity of 320,000 deadweight tons, with the three tankers scheduled for delivery in phases during 2029 and 2030, Bahri said in a disclosure published on the Saudi Exchange (Tadawul) website.

The financial impact of the contract will be reflected in the company's financial statements after the vessels are received and begin commercial operations. The contract will run until delivery of the final tanker, it added.

The agreement is part of Bahri's strategy to modernize its fleet and expand its long-term operational capacity, strengthening its ability to respond to changing requirements in global energy and shipping markets.

It also supports Saudi Arabia's efforts to develop a globally competitive maritime sector by localizing shipbuilding capabilities and related maritime supply chains, in line with the objectives of its Vision 2030 economic transformation program.

With the signing of the agreement, the number of vessels being built in Saudi Arabia for Bahri will rise to nine, comprising six dry bulk carriers and three very large crude carriers.

Bahri said it would finance the contract through a combination of internal cash resources and bank facilities.