Economy · Greece

$9 Billion LNG Deal to Supply Balkans via Greece Announced

8 sourcesFirst reported 27 days agoUpdated 26 days ago

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Atlantic SEE has secured a $9 billion agreement for LNG supplies.
The deal will deliver 1.5 bcm of LNG from the US through Greece.
Exports will support at least six countries in Southeastern Europe.
Negotiations for long-term contracts are already underway with some countries.
This project enhances the energy trade landscape in the region.

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Atlantic SEE LNG Trade has announced a significant agreement valued at $9 billion for the supply and transportation of American liquefied natural gas (LNG) via Greece to the Balkans. This deal involves the sale of 1.5 billion cubic meters of LNG annually starting in 2030, with key recipients including Albania and Bosnia and Herzegovina. The venture is a collaboration between the Greek company DEPA Commercial and the AKTOR group, aimed at enhancing energy security and fostering economic ties in the region.

The agreement is part of broader negotiations to expand gas supplies to at least six southeastern European countries, as part of efforts to implement a project known as the Vertical Corridor. Initial memoranda of understanding have already been signed with a number of these countries. Atlantic SEE aims to finalize additional long-term contracts while pursuing short-term agreements prior to the commencement of the long-term supply deals in 2030, further solidifying its commitment to this regional energy initiative.

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25 June

Atlantic SEE expanded its LNG exports to six new Southeast European countries.

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$9 Billion LNG Deal to Supply Balkans via Greece Announced

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