Finance
Greek joint venture will supply US LNG to Ukraine in March
Published by Global Banking and Finance Review
Posted on February 2, 2026
2 min readLast updated: February 2, 2026
Quick Summary
A Greek joint venture will supply US LNG to Ukraine in March, aiding Europe's transition from Russian gas. The delivery will pass through Greece's Revithoussa terminal.
Greek joint venture will supply US LNG to Ukraine in March
U.S. LNG Supply to Ukraine
ATHENS, Feb 2 (Reuters) - A Greek joint venture has signed its first deal to supply U.S. liquefied natural gas to Ukraine in March, it said on Monday, as Greece seeks to bolster its role as a transit route for gas into Europe which plans to ban Russian gas imports by late 2027.
Background on Ukraine's Energy Crisis
Ukraine faces its worst wartime energy crisis as its energy sector crumbles under Russian strikes, bitter cold, and accumulated damage. President Volodymyr Zelenskiy said last week the country has "significantly diversified" its natural gas supplies.
Details of the LNG Delivery
The cargo of U.S. LNG will reach Greece's Revithoussa LNG terminal and its delivery to Ukraine's energy company Naftogaz is scheduled in March via a pipeline linking Greece to Ukraine through Bulgaria, Romania and Moldova, Atlantic See LNG Trade, a joint venture between Aktor and Greek gas supplier DEPA, said in a statement.
Long-term LNG Agreements with the U.S.
The maximum quantity may reach up to 1 terawatt hours depending on the available capacity of the involved gas grid operators, it added.
Greece last year agreed to import 700 million cubic metres of U.S. LNG per year starting in 2030 in its first-long-term deal with Washington, which seeks to replace Russian supplies to Europe.
(Reporting by Angeliki Koutantou, Editing by Louise Heavens)
Key Takeaways
- •Greek joint venture to supply US LNG to Ukraine in March.
- •Ukraine diversifies gas supplies amid energy crisis.
- •LNG to be delivered via Greece's Revithoussa terminal.
- •Long-term US LNG agreements to replace Russian gas.
- •Greece strengthens role as European gas transit route.
Frequently Asked Questions about Greek joint venture will supply US LNG to Ukraine in March
1What is liquefied natural gas (LNG)?
Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state at about -162°C for ease of storage or transport.
2What is a joint venture?
A joint venture is a business arrangement in which two or more parties agree to pool their resources for a specific task, sharing profits, losses, and control.
3What is a pipeline in energy supply?
A pipeline is a system of pipes used to transport liquids and gases, such as natural gas or oil, from one location to another.
4What is Naftogaz?
Naftogaz is the state-owned oil and gas company of Ukraine, responsible for the extraction, production, and distribution of natural gas and oil.
5What is energy diversification?
Energy diversification refers to the strategy of using a variety of energy sources to reduce dependence on a single source, enhancing energy security.
