Greece agreed on Friday to import 700 million cubic metres of U.S. liquefied natural gas per year starting in 2030 in its first long-term deal with Washington, which…
Greece agreed on Friday to import 700 million cubic metres of U.S. liquefied natural gas per year starting in 2030 in its first long-term deal with Washington, which seeks to replace Russian supplies to Europe.
The 20-year deal aims to boost U.S. LNG exports from Greece to its northern European neighbours including Ukraine and comes weeks after the European Union approved a ban on Russian LNG from 2027 over its war in Ukraine.
The EU pledged to buy $250 billion in U.S. oil, LNG and nuclear technology annually for the next three years in a trade deal with the Trump administration signed in July.
Friday's deal could see U.S. LNG purchases by Greece increasing to about 2 billion cubic metres per year, the country's biggest gas utility DEPA said in a statement. The supply will be facilitated by a joint venture between DEPA and energy firm Aktor with U.S.-based Venture Global VG.N, DEPA said.
Ukraine, Romania Express Interest in Buying LNG
U.S. officials hailed the deal at an energy conference in Athens. They said on Thursday they want to replace "every last molecule" of Russian gas in Western Europe in the coming years.
"Greece had been at
Content Original Link:
" target="_blank">
