Venture Global, Atlantic-SEE expand Greece LNG supply deal from 2030
European utilities are extending long-term liquefied natural gas purchasing plans as the region seeks more stable supply routes and lower exposure to spot market volatility. In that context, Venture Global and Greece's Atlantic-SEE LNG Trade are doubling volumes under a 20-year agreement starting in 2030.
Highlights
- Venture Global and Atlantic-SEE expanded their agreement, raising Atlantic-SEE's LNG commitments to at least 1 million metric tons per annum from 2030 over 20 years.
- Atlantic-SEE, a joint venture of AKTOR Group and DEPA Commercial, will import LNG via Greece and distribute it through the Vertical Corridor to Central and Eastern Europe.
- Venture Global holds 25% capacity at the Alexandroupolis terminal, reinforcing the facility as a key entry point for U.S. gas into southeastern Europe.
Revised supply terms from 2030
As reported by Venture Global and Atlantic-SEE in a statement, the revised agreement raises Atlantic-SEE's committed purchases to at least 1 million metric tons per annum of LNG from 2030 over a 20-year period.Atlantic-SEE is a Greek joint venture formed by AKTOR Group and DEPA Commercial. The company plans to import LNG into Greece and distribute it across Central and Eastern Europe through the Vertical Corridor network, which is designed to diversify regional gas supply routes.
Regional energy security focus
European buyers are continuing to lock in long-term LNG contracts as they try to reduce exposure to volatile spot markets and secure supply after disruptions linked to geopolitical tensions.The expanded deal also builds on Venture Global's investment in regasification capacity at the Alexandroupolis LNG import terminal. The company holds about 25% of capacity there, positioning the facility as an entry point for U.S. gas into southeastern Europe.
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