First U.S. LNG Sale Agreement Signed with Ukraine

Atlantic-See LNG Trade S.A., a joint venture between Greek companies AKTOR Group (60%) and DEPA Commercial (40%), signed the first agreement for the sale of US liquefied natural gas (LNG) in Ukraine.

The agreement, signed on January 30, concerns the supply of LNG with BP as supplier and Naftogaz of Ukraine as buyer, marking the start of Atlantic-See LNG Trade’s commercial activity in the regional natural gas market.

The first LNG cargo will arrive in Revithoussa, with its delivery to Ukraine scheduled in March.

The quantities to be delivered will be transported via Route 1 (Greece – Bulgaria – Romania – Moldova – Ukraine). The maximum transport quantity may reach up to 1 million MWh (1 TWh), depending on the available capacity of the gas network operators.

This agreement is the first major commercial transaction of Atlantic-See LNG Trade, which was established last November, and contributes to the further leverage of the Vertical Gas Corridor in Southeastern Europe, allowing the transport of gas from Greece to Ukraine via interconnected infrastructure.

It is recalled that Atlantic-See LNG Trade has already entered into a long-term