Venture Global, Atlantic-SEE expand LNG deal with Greece.
Article excerpt
Venture Global, Atlantic-SEE expand LNG deal with Greece. Venture Global and Atlantic-SEE deepen LNG partnership to strengthen European energy security. Venture Global, Inc. and Greece-based ATLANTIC - SEE LNG TRADE S.A. have announced a major expansion of their long-term liquefied natural gas (LNG) supply agreement, reinforcing transatlantic energy cooperation and supporting efforts to enhance energy security across Central and Eastern Europe. Under the expanded Sales and Purchase Agreement (SPA), Atlantic-SEE LNG Trade will increase its contracted LNG volumes from Venture Global from a minimum of 0.5 million tonnes per annum (MTPA) to 1.0 MTPA. The agreement covers LNG supplies from the United States over a twenty-year period beginning in 2030, effectively doubling the amount of LNG that Atlantic-SEE has committed to purchase under the original arrangement. The expanded contract highlights the growing role of LNG in Europe's long-term energy strategy as countries across the region continue to seek diversified and reliable energy sources. The agreement also underscores the increasing importance of Greece as a strategic gateway for energy flows into Europe, particularly through infrastructure projects designed to connect Southern Europe with energy markets farther north. Atlantic-SEE LNG Trade is a relatively new player in the regional LNG market. The company was...
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The expansion of the LNG supply agreement comes shortly after Venture Global announced its investment in regasification capacity at the Alexandroupolis LNG import terminal in northern Greece.
