Overview
- Naftogaz and Greece’s DEPA Commercial signed a Letter of Intent in Athens for winter gas deliveries, with Presidents Volodymyr Zelenskyy and Kyriakos Mitsotakis in attendance alongside the U.S. ambassador.
- The route leverages the newly activated vertical corridor, moving gas from the Alexandroupolis LNG hub through Balkan pipelines to Odesa.
- Operational timing differs by source, with DEPA and Naftogaz citing a December 2025 start and Ukrainian officials pointing to January 2026, covering supplies through March.
- Zelenskyy said financing for the imports totals nearly €2 billion, drawing on Ukrainian budget allocations, European banks under European Commission guarantees, Ukrainian banks, Norway and U.S. partners.
- The gas arrangement is one element of a broader Greece–Ukraine package that also covers defense cooperation, reconstruction support and measures to strengthen Ukraine’s energy resilience.