When Greece signed its first-ever long-term contract for U.S. liquefied natural
When Greece signed its first-ever long-term contract for U.S. liquefied natural gas (LNG) during the Partnership for Transatlantic Energy Cooperation (P-TEC) summit in Athens, the symbolism was clear: Washington and Athens are deepening their energy ties, and Greece is poised to become a crucial link in Europe’s shifting energy landscape.
But behind the headlines and handshakes, the deal has sparked something more immediate—renewed investor interest in Greece’s floating LNG infrastructure. A cluster of proposed Floating Storage and Regasification Units, or FSRUs, is suddenly back in focus, as the country looks to evolve into a true regional hub for natural gas imports and re-exports.
From signature to strategy
The 20-year agreement, signed by Greek joint venture AS LNG and U.S. producer Venture Global, will bring American LNG to Greece starting in 2030 for re-export across Southeastern and Eastern Europe. Yet the volumes promised under the deal—potentially up to 4 billion cubic meters (bcm) per year—are only part of the story.
What the deal truly highlights is Greece’s need for additional infrastructure: the storage and regasification capacity required to handle, process, and deliver these gas flows northward through the so-called Vertical Corridor—a pipeline network connecting Greece with Bulgaria, Romania, Moldova, and
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