ATLANTIC SEE LNG TRADE: First Commercial Agreement for the Sale of U.S. LNG to Ukraine
Paiania, 2 February 2026
ATLANTIC SEE LNG TRADE S.A., the joint venture in which AKTOR Group holds a 60% stake and DEPA Commercial a 40% stake, signed on Friday, 30 January 2026, its first agreement for the sale of U.S. Liquefied Natural Gas (LNG) to Ukraine.
The agreement concerns the supply of LNG, with BP as the supplier and Ukraine’s Naftogaz as the buyer, marking the launch of ATLANTIC SEE LNG TRADE’s commercial activities in the regional natural gas market.
First cargo to be delivered in March via Greece
The first LNG cargo will arrive at the Revithoussa LNG Terminal, with delivery to Ukraine scheduled for March. The volumes will be transported via Route 1 (Greece – Bulgaria – Romania – Moldova – Ukraine).
The maximum volume transported may reach 1 million MWh (1 TWh), depending on the available capacity of the natural gas transmission system operators.
The agreement represents ATLANTIC SEE LNG TRADE’s first major commercial transaction since its establishment last November and contributes to the further utilisation of the Vertical Corridor in Southeast Europe, enabling natural gas to be transported from Greece to Ukraine through interconnected infrastructure.
ATLANTIC SEE LNG TRADE has already entered into a long-term agreement with Venture Global for the supply of LNG from the United States, commencing in 2030.
Xifaras: “We are moving from planning to implementation”
ATLANTIC SEE LNG TRADE Chairman and DEPA Commercial Chief Executive Officer Konstantinos Xifaras stated:
“The agreement signed on 30 January marks the beginning of a new phase for ATLANTIC SEE LNG TRADE and for Greece’s role on the European energy map.
With the delivery of the first U.S. LNG cargo in March, we are moving from planning to implementation, commercially leveraging the infrastructure of the Vertical Corridor, which strengthens interconnectivity and the diversification of supply sources across the wider region.
Greece is emerging as a gateway and transit hub for U.S. LNG towards Southeast and Central Europe, making a tangible contribution to Europe’s energy security and resilience, while also supporting Ukraine at a particularly critical juncture.”
Exarchou: “The Vertical Corridor is becoming a reality”
ATLANTIC SEE LNG TRADE Chief Executive Officer and AKTOR Group Chairman and Chief Executive Officer Alexandros Exarchou stated:
“With this agreement, the Vertical Corridor is becoming a reality, opening up a route that will not only contribute to Europe’s energy security but also generate significant benefits for the Greek economy.
It is the European Union’s responsibility to support the Vertical Corridor at every level if it wishes to send a meaningful message of consistency between words and actions regarding the ban on Russian natural gas imports — both directly and indirectly through infrastructure in third countries, as clearly provided for in the recent European regulation.
Energy is a critical and decisive factor for the competitiveness of European businesses and the prosperity of European citizens, and the use of the Vertical Corridor can make a real difference across the wider region at a time of major geopolitical shifts.”
About AKTOR Group
AKTOR Group of Companies is a leading market player in Southeast Europe, leveraging 70 years of experience to deliver large-scale infrastructure projects while strategically investing in key sectors of the economy, including LNG, green energy, concessions and Public-Private Partnerships (PPPs), real estate and integrated facility management.
AKTOR Group’s mission is to be a driving force for progress across the sectors in which it operates, creating value for its shareholders and society, contributing to growth and prosperity, and improving people’s lives towards a sustainable future.
About DEPA Commercial
DEPA Commercial is consistently implementing its strategy to transform into a diversified energy group, supported by an investment programme exceeding €250 million for the 2025–2028 period, focused on infrastructure, power generation and renewable energy sources.
At the same time, the company is strengthening its international presence in the natural gas and LNG markets through its participation in strategic projects such as the Vertical Corridor, which contribute to Greece’s energy security and strengthen the country’s international energy presence.
