Finance
Ukraine Seeks More Lng and Diesel From Greece, State-Run Naftogaz Says
Published by Global Banking & Finance Review®
Posted on March 30, 2026
2 min readLast updated: March 30, 2026
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Ukraine is seeking to scale up LNG imports via Greece’s Vertical Corridor and diesel deliveries amid depleted refining capacity due to Russian strikes.
Ukraine Plans to Increase LNG and Diesel Imports via Greece and Vertical Corridor
Ukraine's Strategy for Energy Imports and Infrastructure Collaboration
Building Gas Reserves and Expanding LNG Imports
KYIV, March 30 (Reuters) - Ukraine, which has begun building up gas reserves for next winter, is interested in increasing LNG supplies through Greek terminals and the pipelines of the Vertical Corridor system, Ukrainian energy company Naftogaz said on Monday.
Ukraine is already receiving U.S. liquefied natural gas (LNG) via Greece through the Vertical Corridor, but its share of total imports remains small.
Development of the Vertical Gas Corridor
Regional Cooperation and Infrastructure
Greece, Bulgaria, Romania and Hungary agreed in 2016 to develop the infrastructure for the realisation of the so-called Vertical Gas Corridor which would allow the transmission of gas between the countries in either direction.
Potential for Increased Gas Supply
"Particular attention was given to the possibility of increasing gas supply volumes - both for Ukraine and for the Eastern European region via Greek ports," Naftogaz CEO Serhiy Koretskyi said after the meeting with Greek Deputy Foreign Minister Harry Theoharis.
Diesel Fuel Supplies and Additional Projects
"We also discussed diesel fuel supplies, the use of the Greek fleet, and other mutually beneficial projects," he added.
Ukraine's Dependence on Imported Fuel
Impact of Russian Missile Strikes
After Russian missile strikes virtually destroyed Ukraine's domestic refining capacity, it became almost entirely dependent on imported fuel, sourcing supplies from western, central and southern Europe.
Diesel Fuel Imports and Market Outlook
The Kyiv-based Enkorr fuel consultancy said on Monday that Ukraine had stepped up diesel fuel imports and analysts do not expect the country to face a fuel shortage in April.
Future Gas Imports via the Vertical Corridor
Forecasted Volumes and Sources
Analysts at another consultancy, ExPro, said this month that gas traders including state-owned Naftogaz will import at least 75 million cubic metres of gas into Ukraine via the 'Vertical Corridor' from LNG terminals in Greece in March.
Special Transport Rates and Terminal Details
ExPro said that the gas imports would reach 2.41 mcm per day and come from Greece's Revithoussa LNG terminal at special reduced transport rates.
(Reporting by Pavel PolityukEditing by Keith Weir)
Key Takeaways
- •Ukraine is increasing LNG imports through Greece’s Revithoussa terminal using the Vertical Gas Corridor, with Naftogaz importing about 75 mcm in March (2.41 mcm/day) (media.marketnews.com).
- •This corridor is supported by U.S. energy diplomacy; Washington hosted a February 2026 coordination meeting to harmonize tariffs and infrastructure to boost U.S. LNG exports via the corridor (energy.gov).
- •Ukraine’s domestic fuel production, especially diesel, has been disrupted by Russian attacks, making it reliant on foreign refining and prompting expanded diesel imports from Europe, including Greece (yahoo.com).
References
Frequently Asked Questions about Ukraine seeks more LNG and diesel from Greece, state-run Naftogaz says
1Why is Ukraine increasing LNG imports from Greece?
Ukraine is building gas reserves for next winter and seeks to secure additional LNG supplies through Greek terminals via the Vertical Gas Corridor.
2What is the Vertical Gas Corridor?
The Vertical Gas Corridor is an infrastructure system developed by Greece, Bulgaria, Romania, and Hungary to transmit gas between countries in either direction.
3How has Ukraine's reliance on imported fuel changed?
After Russian attacks destroyed its refining capacity, Ukraine became almost entirely dependent on imported fuel from Europe.
4What are Ukraine's current diesel import sources?
Ukraine sources diesel supplies from western, central, and southern Europe, including increased imports through Greek ports.
5Which LNG terminal in Greece supplies gas to Ukraine?
Ukraine is receiving gas imports via Greece's Revithoussa LNG terminal at special reduced transport rates.
