Greek JV pens US LNG supply deals

A joint venture of Greek companies Aktor and DEPA has signed agreements to deliver US liquefied natural gas (LNG) to Albania, Bulgaria, Bosnia and Herzegovina, and Ukraine.

Aktor confirmed to LNG Prime that the deals were signed on Tuesday during a ministerial summit in Washington, organized by the White House.

Greece’s Metlen also signed a deal wth Shell to supply US LNG to Greek terminals during the summit.

Atlantic–See LNG Trade, in which Aktor holds a 60 percent stake and Depa Commercial 40 percent, secured four new commercial agreements for the purchase and sale of American LNG in four countries of the wider region, with durations of up to 20 years.

These agreements involve gas supply via the so-called vertical gas corridor.

4 Bcm per year

The JV signed agreements with Albania’s Ministry of Infrastructure and Energy for 1 Bcm per year, Bulgaria’s Bulgargaz for 1.5 Bcm per year, Aluminij Industries and M.T. Abraham Group from Bosnia and Herzegovina for 0.5 Bcm per year, and Ukraine’s Naftogaz for 1 Bcm per year.

Aktor said in the statement that the “maturation process of the vertical corridor and the latest developments in transatlantic energy cooperation, led by Atlantic SEE LNG Trade, bring to the table the major growth prospects opening up for the Greek economy in Eastern Europe ahead of the ban on using Russian natural gas.”

“Already, Atlantic SEE LNG Trade is considering participating in various energy infrastructure projects in the wider region, which are deemed essential for the full development of the vertical corridor, such as floating LNG storage and regasification units (FSRU), projects to boost the capacity of existing gas pipelines (or even new pipelines), as well as natural gas power generation units,” it said.

Thus, transatlantic energy cooperation is driving increased regional collaboration in the energy sector, while Greece is gaining a significant role in the wider initiative, acting as an energy hub for the region with the ultimate goal of creating an energy market approaching 100 million consumers, it said.

Atlantic–See LNG Trade

In November 2025, US LNG exporter Venture Global LNG signed a sales and purchase deal with the JV of Aktor and DEPA.

This deal marks Greece’s first-ever long-term LNG supply agreement with a US exporter.

Under the SPA, Atlantic–See LNG Trade will purchase a minimum of 0.5 million tonnes per annum (mtpa) of US LNG from Venture Global for twenty years starting in 2030.

Earlier this month, the JV also signed its first deal to supply a US LNG cargo to Naftogaz via DESFA’s Revithoussa LNG terminal in Greece.

Under the deal, the cargo of US LNG of up to 1 TWh, supplied by BP, will arrive at the Revithoussa LNG terminal in March this year.

Following regasification, the natural gas will be transported via a pipeline linking Greece, Bulgaria, Romania, Moldova, and Ukraine.

Bosnia and Herzegovina is not connected to this pipeline.

However, the country and its US partners are working on the Southern Gas Interconnection pipeline.

This pipeline would allow Bosnia and Herzegovina to receive regasified LNG via the Croatian FSRU-based facility on the island of Krk, which mainly receives US LNG.

In recent months, the US government has strongly supported the construction of this pipeline, with Bechtel named as the potential contractor to build the connection.

(This article was updated with a statement by Aktor.)

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