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Naftogaz, Greece’s ATLANTIC-SEE Sign LNG Pact to Route U.S. Gas to Europe and Ukraine

The pact establishes a 2050 horizon with phased projects, with commercial terms to follow.

Overview

  • Naftogaz and ATLANTIC-SEE signed a memorandum at the P-TEC ministerial to cooperate on U.S.-origin LNG flows via Greek terminals and the Vertical Corridor.
  • The framework targets stable long-term supplies for Ukraine, integration of Ukrainian infrastructure into European LNG logistics, and development of supply and storage systems.
  • Ukrainian, Greek and U.S. officials attended the signing, signaling political support for the transatlantic energy cooperation effort.
  • The memorandum is not a finalized supply contract, and specific volumes, timelines, financing and operational details will be negotiated in subsequent agreements.
  • The move follows earlier Naftogaz understandings with Poland’s ORLEN on additional U.S. LNG and comes as Russian strikes have curtailed Ukraine’s domestic gas output before winter.