Headlines
Ukraine secures US LNG imports from Greece to cover winter needs
Published by Global Banking and Finance Review
Posted on November 16, 2025
2 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 16, 2025
2 min readLast updated: January 21, 2026
Ukraine secures US LNG imports from Greece to cover winter needs, using a Balkan pipeline to ensure energy security amidst Russian attacks.
By Angeliki Koutantou and Dan Peleschuk
ATHENS/KYIV (Reuters) -Ukraine has secured imports of U.S liquefied natural gas (LNG) from Greece to cover its winter needs from December through to March next year, Greek and Ukrainian officials said on Sunday during a visit to Athens by President Volodymyr Zelenskiy.
Ukraine will import gas via a pipeline that runs across the Balkan peninsula to secure critical supplies after Russian attacks on energy infrastructure and gas production facilities.
Greek gas company DEPA and Ukraine's state firm Naftogaz said in a joint statement that the deal was effective starting December. Zelenskiy, speaking alongside Greek Prime Minister Kyriakos Mitsotakis, said deliveries would begin in January.
"We rebuild each time the Russians destroy, but this truly requires time, much effort, equipment and, regarding gas...imports to compensate for the destruction by the Russians of our own production," Zelenskiy told reporters.
Ahead of his Greek visit, Zelenskiy said Kyiv had allocated funds for gas imports from European partners and banks under European Commission guarantees, as well as from Ukrainian banks, to help cover nearly the 2 billion euros ($2.3 billion) needed.
Ukraine's government was also working with U.S. partners to ensure full financing, he added.
The deal comes after Greece clinched its first long-term deal to supply U.S. LNG to Europe from 2030 after the EU approved a ban on Russian LNG from 2027 over Moscow's war in Ukraine, which is now in its fourth year.
"Greece is becoming an energy security provider for your homeland", Mitsotakis told Zelenskiy, adding that the agreement will also help stop Russian natural gas from entering Europe.
($1 = 0.8606 euros)
(Reporting by Dan Peleschuk in Kyiv and Angeliki Koutantou in Athens; Additional reporting by Lidia Kelly in Melbourne and Renee Maltezou in Athens; Editing by William Mallard and Alexander Smith)
Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state for ease of storage and transport. It is primarily composed of methane and is used as a cleaner alternative to other fossil fuels.
A pipeline is a system of pipes used to transport liquids or gases over long distances. In the context of natural gas, pipelines connect production sites to consumers or distribution points.
Energy infrastructure refers to the physical systems and facilities that produce, transport, and distribute energy. This includes power plants, pipelines, and electrical grids.
Explore more articles in the Headlines category
