In March, a Greek-led joint venture will provide US LNG to Ukraine

It was announced?on a Monday that a Greek joint venture had signed its first contract to'supply U.S. Liquefied Natural Gas to Ukraine in March.' Greece is seeking to strengthen its role as a gas transit route into Europe, which has plans to ban Russian imports by the end of 2027. Ukraine is facing its worst energy crisis since the end of World War II as its 'energy sector' crumbles due to Russian strikes, bitter cold and accumulated damage. Last week, President Volodymyr Zelenskiy claimed that the country had "significantly diversified" its natural gas supplies.

In a press release, Atlantic 'See LNG Trade', a joint-venture between Aktor and Greek Gas Supplier DEPA, stated that the cargo of U.S. LNG will arrive at 'Greece’s Revithoussa' LNG terminal in March and be delivered to Ukraine's Naftogaz via a pipeline connecting Greece to Ukraine, through Bulgaria, Romania, and Moldova.

It added that the maximum amount could reach up to 1 terawatt hour depending on the capacity of the?gas grid operators involved. In its first long-term agreement with Washington, Greece agreed last year to import 700,000,000 cubic metres of U.S. LNG per annum starting in 2030. The deal aims to replace Russian supplies in Europe. (Reporting and editing by Louise Heavens, Angeliki Koutantou)

(source: Reuters)