The Revythoussa LNG terminal in Greece has seen a significant shift in demand dynamics, with its gas link to Ukraine fully booked for March following an auction on February 23. This development marks a notable recovery after a period characterized by minimal interest and low bookings.
Route 1, which transports regasified LNG to Ukraine, secured reservations totaling 2.41 million cubic meters per day, culminating in approximately 75 million cubic meters of gas for the month. This surge in bookings is particularly striking given the corridor’s operational history, which began in July 2025 but faced challenges in attracting buyers. In stark contrast to the current situation, January recorded no contracted volumes, and February saw only 4,500 cubic meters per day reserved despite efforts to stimulate demand through discounted pricing.
The upcoming supply will be directed to Naftogaz and will consist of a US LNG cargo managed by Atlantic Sea LNG Trade, a joint venture established specifically for this purpose. This strategic partnership highlights the increasing reliance on US liquefied natural gas as a critical resource for meeting regional energy needs.
Interestingly, other entry routes into the region, including one associated with the Alexandroupoli LNG terminal and another linked to Azerbaijani supplies, did not secure any bookings for March. This lack of interest further emphasizes the concentrated demand on the Revythoussa corridor, positioning it as a vital conduit for gas supplies to Ukraine amid heightened energy requirements.
