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 agreement with Venture Global for the supply of LNG from the United States starting in 2030.
“With the delivery of the first U.S. LNG cargo in March, we are moving from planning to execution, commercially leveraging the infrastructure of the Vertical Corridor that enhances interconnectivity and diversification of supply sources in the wider region,” said Konstantinos Xifaras, chairman of Atlantic-See LNG Trade S.A. and CEO of DEPA Commercial.
Greek minister of environment and energy Stavros Papastavrou spoke to tv channel ERT news and the program “Newsroom” about the critical energy developments concerning the Vertical Corridor.
As he said, Europe’s recent decision to completely disentangle from Russian natural gas by 2027 represents a shift in the balance of the wider region. In this new environment, Greece via the Vertical Corridor, enhances its role as a reliable energy hub in the region.
