Atlantic SEE LNG Trade has inked four memorandums of understanding to supply US LNG to Southeast European buyers, a spokesperson for its majority shareholder, Greek infrastructure company AKTOR Group, told Platts, part of S&P Global Energy, Feb. 25.
The MOUs are with Bulgaria’s Bulgargaz for LNG equal to 1.5 billion cubic meters of gas/year, Ukraine’s Naftogaz (1 Bcm/year), Albania’s ministry of infrastructure and energy (up to 1 Bcm/year), and Bosnia & Herzegovina’s Aluminij Industries and MT Abraham Group (0.5 Bcm/year), the spokesperson said in a statement.
Atlantic SEE said the agreements are for durations of up to 20 years, without providing further details on the specific length of each agreement.
The deals were agreed in Washington, DC, on the sidelines of the Transatlantic Summit on Security of Gas Supply, organized by the US.
Atlantic SEE evolution
Atlantic SEE is a venture formed last year between AKTOR Group, which holds a 60% stake, and Greek natural gas and LNG importer DEPA, which owns the remaining 40% stake.
In November, it announced a 20-year LNG offtake agreement with US exporter Venture Global.
Under the deal, Venture Global will sell at least 500,000 metric tons (690 million cu m) of LNG/year to the Greek buyer starting in 2030, with the possibility of expanding volumes.
At the time of the Venture Global deal, Atlantic SEE said it had also signed a statement of mutual intent with Naftogaz, expressing interest in a 20-year agreement for the Ukrainian oil and gas company to purchase up to about 700,000 mt/year of LNG from Atlantic SEE beginning in 2030.
It was not immediately clear if the Feb. 25 MOU was a development from these earlier discussions.
The Greek company also said in November it had signed a memorandum of understanding with Romanian energy company Nova Power & Gas and Romanian transmission system operator Transgaz, “under which the two companies expressed interest” in signing a 20-year agreement to purchase up to about 1.4 million mt of LNG/year beginning in 2030.
The AKTOR spokesperson did not immediately respond to a request for comment from Platts regarding the status of the company’s discussions with the Romanian players.
Greek LNG gateway
Central and eastern European states have sought to boost gas connectivity via the so-called Vertical Gas Corridor, an effort to expand transportation capacity in the region to allow for greater volumes of regasified LNG and gas from Azerbaijan to flow as far as Ukraine via terminals in Greece and Turkey.
Of the roughly 106 million mt of LNG imported into the EU in 2025, 2.3 million mt arrived via Greece, according to S&P Global Energy CERA data. The vast majority of these volumes — about 2 million mt — were from the US.
Platts assessed the DES Mediterranean LNG marker at $9.587/MMBtu on Feb. 25, up 1.72% day over day.
Source: Platts
