Atlantic-See LNG Trade (AKTOR-DEPA) 20-year deal for US LNG signed

An agreement with significant geoeconomic and energy weight was announced on the second day of the Partnership for Transatlantic Energy Cooperation (P-TEC) conference hosted in Athens, Greece.

Atlantic-See LNG Trade S.A. – a newly formed joint venture between Greek companies AKTOR and DEPA Commercial – reached an agreement with the American producer and exporter of U.S. liquefied natural gas (LNG), Venture Global, to bolster Central and Eastern European energy security.

New York-listed Venture Global has entered into a 20-year sales and purchase agreement with Greece’s Atlantic-See LNG Trade S.A. for the purchase of a minimum of 0.5 million tonnes per annum of U.S. liquefied natural gas (LNG) from Venture Global for twenty years starting in 2030, according to a press release statement.

Under the deal, Atlantic-See has the potential to expand its purchase commitment, Venture Global said in its release.

This move strengthens the strategic goal of ensuring energy security and diversifying supply sources for the countries in the region.

Aktor Group and DEPA Commercial have established Atlantic-See LNG Trade S.A., a new company focused on the procurement and import of liquefied natural