Atlantic SEE LNG Trade S.A., the joint venture in which the AKTOR Group holds a 60% stake and DEPA Trading holds a 40% stake, announces the extension of its existing long-term Liquefied Natural Gas (LNG) Purchase and Sale Agreement with Venture Global, a leading U.S. LNG exporter.
Under the agreement, Atlantic SEE LNG Trade is doubling the contracted LNG volumes it will procure from Venture Global, from a minimum of 0.5 million metric tons per annum (MTPA) to 1 million metric tons per annum (MTPA), a volume corresponding to 1.3 billion cubic meters of gas, for a 20-year period beginning in 2030.
This development significantly strengthens the company’s long-term supply strategy and contributes to the creation of a reliable and diversified supply framework for the markets of Southeast and Central Europe.
Mr. Xifaras: “From Vision to Implementation”
Mr. Konstantinos Xifaras, Chairman of ATLANTIC SEE LNG TRADE and CEO of DEPA Trading, stated:
“The extension of this long-term LNG agreement marks the transition from vision to implementation. By doubling the volumes secured through the agreement, we are strengthening a reliable supply framework capable of meeting the region’s evolving energy needs.
This agreement makes a substantial contribution to the diversification of supply sources and the resilience of the European energy system through access to additional volumes of LNG from the United States.
At the same time, it confirms that Greece now possesses the infrastructure and strategic partnerships required to serve as a key gateway for U.S. LNG into Southeast and Central Europe, supporting their secure and stable supply in the coming years.”
Alexandros Exarchou: “We are strengthening a new energy corridor for Europe”
Mr. Alexandros Exarchou, CEO of ATLANTIC SEE LNG TRADE and Chairman and CEO of the AKTOR Group, stated:
“The extension of our commercial agreement with Venture Global reflects the ambition and strong foundations of our long-term strategic planning in the LNG sector, as well as the significant prospects created by the Vertical Corridor for enhancing energy security and diversifying supply sources in Central and Eastern Europe.
At the same time, it highlights the ever-strengthening energy cooperation between Greece and the United States, to the benefit of the entire region. This agreement underscores the value of long-term partnerships and reaffirms the increasingly important role of transatlantic energy cooperation in strengthening energy security and market resilience across the broader region.”