Venture Global, Greek Firm Double LNG Supply Deal

Venture Global is set to significantly increase its liquefied natural gas (LNG) exports to Greece, solidifying its role as a key energy supplier to the region. The U.S.-based LNG developer has expanded its long-term sale and purchase agreement (SPA) with ATLANTIC – SEE LNG TRADE S.A., a newly formed Greek entity. This enhanced agreement will see ATLANTIC – SEE LNG TRADE S.A. double its contracted volume, securing an additional 500,000 metric tons per annum (MTPA) of U.S. LNG, bringing the total commitment to 1 million MTPA starting in 2030.

The expanded deal underscores Greece's growing importance as a strategic energy hub in Southeastern Europe. ATLANTIC – SEE LNG TRADE S.A. itself is a significant development, representing a collaboration between established Greek industrial players AKTOR Group and DEPA Commercial. The joint venture was formally announced at the recent 6th Transatlantic Energy Partnership (PTEC) conference in Athens, signaling a concerted effort to bolster energy security and diversification within Greece and the broader Balkan corridor.

This substantial increase in LNG offtake from Venture Global comes on the heels of the developer's recent investment in the Alexandroupolis LNG import terminal's regasification capacity. This strategic move by Venture Global positions it to leverage the terminal's infrastructure, with its current stake representing approximately 25% of the facility's total throughput. The Alexandroupolis terminal, featuring a floating storage and regasification unit (FSRU), is a critical component of the planned "Vertical Corridor" initiative, designed to enhance energy flows across Eastern Europe.

The global LNG market continues to experience dynamic shifts, driven by energy security concerns and the transition towards cleaner fuel sources. U.S. LNG exports have seen considerable growth, with developers like Venture Global playing a pivotal role in supplying international markets. Agreements such as this one with ATLANTIC – SEE LNG TRADE S.A. highlight the long-term demand outlook for reliable LNG supplies and the strategic importance of U.S. production capacity.

For Venture Global, this expansion reinforces its project pipeline and its commitment to serving European energy needs. The company operates large-scale LNG export facilities on the U.S. Gulf Coast, including Calcasieu Pass and Plaquemines LNG, which are designed to deliver substantial volumes to global markets. The twenty-year duration of the agreement provides significant revenue certainty for the project.

The implications for Greece are profound. By securing a larger, long-term supply of U.S. LNG, the nation enhances its energy independence and strengthens its position as a key transit point for energy resources. The partnership between Venture Global and the consortium of AKTOR Group and DEPA Commercial through ATLANTIC – SEE LNG TRADE S.A. is a testament to the evolving energy landscape and the collaborative efforts required to meet future demand.