Greece Doubles LNG Deal with Venture Global

A Greek LNG buyer has expanded its long-term partnership with Venture Global, a move that could further strengthen a key energy corridor serving Central and Eastern Europe.

(P&GJ) — Venture Global and Greece-based Atlantic-SEE LNG Trade have expanded a long-term agreement for the supply of U.S. liquefied natural gas, doubling contracted volumes as Europe continues efforts to diversify energy supplies and strengthen regional energy security.

Under the revised sales and purchase agreement, Atlantic-SEE will increase its contracted LNG purchases from Venture Global from 0.5 MMtpy to 1.0 MMtpy. The 20-year contract is scheduled to begin in 2030.

Atlantic-SEE LNG Trade is a joint venture formed by Greek companies AKTOR Group and DEPA Commercial. The expanded agreement follows Venture Global's investment in regasification capacity at the Alexandroupolis LNG import terminal in Greece, where the company holds capacity rights representing about 25% of the facility's total throughput.

The Alexandroupolis floating storage and regasification unit (FSRU) and the South-North Vertical Corridor are expected to play an increasing role in delivering U.S. natural gas to Central and Eastern Europe, providing an alternative supply route for the region.

Venture Global CEO Mike Sabel said the expanded agreement reflects growing energy cooperation between Europe and the United States.

"The Vertical Corridor has emerged as an important energy route for the region," Sabel said. "Our investment in infrastructure, including the Alexandroupolis terminal, is helping create new pathways for reliable energy supplies across Central and Eastern Europe."

Atlantic-SEE CEO Alexandros Exarchou said the larger contract supports the company's strategy to expand LNG access throughout the region.

"The agreement highlights the potential of the Vertical Corridor to provide alternative supply options and strengthen energy security across Central and Eastern Europe," Exarchou said.

Konstantinos Xifaras, chairman of Atlantic-SEE LNG Trade, said the additional volumes will help provide more reliable and predictable LNG supplies to customers across the region.

The agreement further strengthens Greece's role as a gateway for U.S. LNG imports into Europe and highlights continued investment in infrastructure aimed at enhancing energy security across Central and Eastern European markets.