Finance
Greek joint venture will supply US LNG to Ukraine in March
Published by Global Banking & Finance Review®
Posted on February 2, 2026
2 min readLast updated: February 2, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 2, 2026
2 min readLast updated: February 2, 2026
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.
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.
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.
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.
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)
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.
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.
A pipeline is a system of pipes used to transport liquids and gases, such as natural gas or oil, from one location to another.
Naftogaz is the state-owned oil and gas company of Ukraine, responsible for the extraction, production, and distribution of natural gas and oil.
Energy diversification refers to the strategy of using a variety of energy sources to reduce dependence on a single source, enhancing energy security.
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