U.S. producer Venture Global LNG has concluded a twenty-year liquefied natural gas (LNG) sales and purchase agreement with Atlantic-See LNG Trade S.A., a newly established entity in Greece. The deal covers an initial volume of 0.5 million tonnes per annum, with a potential clause for expansion. Deliveries are scheduled to begin in 2030, confirming Venture Global’s long-term positioning strategy in the Southeast European market.
A strategic partnership for the region
Atlantic-See LNG Trade S.A. is a joint venture bringing together AKTOR, a Greek group active in construction and energy, and DEPA, the Greek public gas supplier. The announcement was made at the sixth Partnership for Transatlantic Energy Cooperation (PTEC) conference in Athens. This is the first long-term contract ever signed by a Greek entity for importing U.S. LNG, marking a significant shift in the region’s energy supply diversification.
Alexandroupolis, a key infrastructure
The agreement is backed by regasification capacity at the Alexandroupolis floating terminal, where Venture Global already holds a stake representing approximately 25% of total capacity. This floating storage and regasification unit (FSRU) is located on the South-North corridor, known as the “Vertical Corridor”, connecting the Aegean Sea to Central European markets. The corridor is viewed as strategic to reducing supply risks by diversifying gas entry points in Eastern Europe.
Reinforcing U.S. presence in Southeast Europe
This deal further strengthens U.S. energy influence in the region, as American LNG gains competitiveness in European markets. With its investment in a key infrastructure asset in the eastern Mediterranean, Venture Global confirms its ambition to increase exports to Europe, particularly through long-term bilateral agreements. The Greek joint venture may also pave the way for additional commercial commitments in the Balkans, a market undergoing transformation.
