Greek companies Depa Commercial and AKTOR Group have announced the establishment of a joint venture, Atlantic – SEE LNG Trade S.A., which will specialize in the procurement, import, and subsequent sale of liquefied natural gas (LNG) in Greece and Eastern European countries, including Ukraine.
This is reported by Finway
Atlantic – SEE LNG Trade S.A. and the Development of Energy Cooperation
The founding of the new company coincides with the Partnership for Transatlantic Energy Cooperation (P‑TEC) summit taking place in Greece on November 6–7. The event has brought together representatives from the energy departments of the United States, including Energy Secretary Chris Wright, as well as delegations from over 25 countries in Europe and America. The main focus is on the development of the Trans-Balkan route, which allows for the transportation of gas, primarily LNG, from Greece to countries in the region, including Ukraine. The expansion of LNG infrastructure in Greece and the possibility of increasing supplies of American LNG to Ukrainian consumers are also being discussed.
“A contract for the supply of LNG from the American producer Venture Global to Ukrainian DTEK and Naftogaz, facilitated by the new Greek company Atlantic – SEE LNG Trade, may soon be signed. This concerns 2 billion cubic meters per year, which will be transported via the Trans-Balkan route.”
Activation of the American LNG Market and Prospects for Ukraine
This year, American LNG exporters have demonstrated a record pace of contract signing: in the first 10 months, long-term agreements for the supply of 29.5 million tons of gas per year have been concluded, exceeding the total for all of 2024 by more than three times. This is the second-best performance in history after 2022, when demand for American gas surged sharply following Russia’s full-scale invasion of Ukraine.
After Donald Trump’s return to the presidency of the United States, his administration lifted the moratorium on approving new LNG export projects. This has spurred new investment decisions that will increase the country’s export capacity by 61.5 million tons per year, in addition to the existing 120 million tons. According to forecasts, by 2029, the United States plans to double its LNG capacity and by 2030, to account for up to one-third of the world’s liquefied natural gas exports.