Greece signed its first-ever long-term contract for U.S. liquefied natural gas
Greece signed its first-ever long-term contract for U.S. liquefied natural gas (LNG) on Friday, marking what officials described as a historic day for the country and for its deepening energy ties with the United States.
The agreement was signed by ATLANTIC – SEE LNG TRADE S.A. (AS LNG)—a joint venture recently established by Aktor and DEPA Commercial—with U.S. LNG producer Venture Global. The 20-year contract, which takes effect in 2030, will see American LNG delivered to Greece for onward distribution through the Vertical Corridor, linking Greece to Bulgaria, Romania, and Ukraine.
Although total volumes were not disclosed, DEPA Commercial CEO Konstantinos Xifaras told reporters that the deal includes a minimum annual supply of 0.7 billion cubic meters (bcm) and a maximum of up to 4 bcm, depending on market demand.
As part of the broader initiative, AS LNG also signed memoranda of understanding (MoUs) with Ukraine and Romania to facilitate the re-export and distribution of LNG secured under the Venture Global deal to those markets. The move strengthens Greece’s position as a transit hub for U.S. gas into Southeastern and Eastern Europe.
Speaking at the signing ceremony in Athens, Aktor CEO Alexandros Exarchou called the moment “a historic day for Greece,” emphasizing that
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