Overview
- Naftogaz and Greece’s DEPA Commercial signed a Letter of Intent in Athens, witnessed by Volodymyr Zelenskyy and Kyriakos Mitsotakis, to supply gas to Ukraine for the winter period.
- Officials describe the arrangement as covering December 2025 through March 2026, with Zelenskyy saying physical deliveries of U.S. LNG are set to begin in January 2026.
- Nearly €2 billion in support is being mobilized from Ukrainian government funds, European banks under European Commission guarantees, Ukrainian banks, Norway, and ongoing work with U.S. partners.
- Gas will be routed from the Alexandroupolis LNG terminal through the Vertical Corridor across Greece, Bulgaria, Romania and Moldova to reach Ukraine, positioning Greece as a regional hub for U.S. LNG.
- The deal is framed as an interim winter measure, with Kyiv and Athens also discussing longer‑term U.S. LNG arrangements as Ukraine replaces lost domestic output from sustained Russian attacks.