A major increase in long-term LNG deliveries has been agreed between US exporter Venture Global and Greek energy venture Atlantic-SEE LNG Trade. The revised commercial terms are aimed at improving long-term gas supply stability across Europe over coming decades.
Under the updated agreement, Atlantic-SEE will double the volume of liquefied natural gas it purchases from Venture Global. Beginning in 2030, the Greek joint venture is expected to receive at least 1 million tons of LNG annually over a 20-year contract period.
Long-term contracting and regional distribution plans
The expanded arrangement supports Atlantic-SEE’s strategy to import LNG into Greece and distribute it across Central and Eastern Europe. The company was formed by Aktor Group and DEPA Trade.
Atlantic-SEE plans to rely heavily on the Vertical Gas Corridor, described as an expanding infrastructure network. The network is designed to diversify regional gas routes and reduce dependence on traditional suppliers.
The deal also aligns with a broader European move toward long-term LNG contracting. Buyers are seeking fixed volumes amid market volatility and geopolitical uncertainty, including protection from fluctuations in the spot gas market.
Alexandroupoli terminal role in Southeast Europe supply
The Alexandroupoli LNG terminal in northern Greece is positioned as a central element of the supply chain. Venture Global already controls around 25% of regasification capacity connected to the terminal.
This capacity position supports delivery of US LNG into Southeast European markets. The strengthened partnership also points to Greece’s role as an energy gateway for the wider region.
The agreement reinforces efforts to develop alternative supply corridors linking global LNG producers with consumers across Europe. As infrastructure investment and interconnections expand, additional LNG volumes are expected to support supply flexibility, improve energy security, and strengthen long-term resilience across Central and Eastern Europe.
