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 arrangement is aimed at securing more stable gas supplies over the coming decades.
Expanded volumes under revised long-term agreement
Under the updated contract, Atlantic-SEE will double the volume of liquefied natural gas it purchases from Venture Global. From 2030, the Greek joint venture is expected to receive at least 1 million tons of LNG annually. The delivery period runs for 20 years, supporting longer-term supply visibility.
The expanded supply plan 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. It plans to rely heavily on the Vertical Gas Corridor, an expanding infrastructure network intended to diversify regional gas routes.
Long-term contracting amid European market volatility
The agreement also reflects a wider European shift toward long-term LNG contracting. Energy companies are responding to ongoing market volatility and geopolitical uncertainty. Buyers seeking fixed volumes have made long-term procurement a priority to manage exposure to spot market fluctuations.
Alexandroupoli terminal role in Southeast European deliveries
A key element of the supply chain is the Alexandroupoli LNG terminal in northern Greece. Venture Global already controls around 25% of regasification capacity, positioning it for deliveries of US LNG into Southeast European markets. The strengthened partnership underscores Greece’s role as an energy gateway for the wider region.
The deal also reinforces efforts to develop alternative supply corridors connecting global LNG producers with consumers across Europe. As infrastructure investment and interconnections continue to expand, additional LNG volumes are expected to support supply flexibility and improve energy security across Central and Eastern Europe.
