Venture Global Signs Long-Term LNG Deal With Greece, Strengthening U.S.–Europe Energy Ties
Venture Global, Inc. (NYSE: VG), one of the leading U.S. liquefied natural gas (LNG) producers and exporters, has entered into a landmark long-term Sales and Purchase Agreement (SPA) with ATLANTIC – SEE LNG TRADE S.A., a newly established Greek LNG trading company. Under the terms of the agreement, Venture Global will supply a minimum of 0.5 million tonnes per annum (MTPA) of U.S.-produced LNG to Atlantic-See for a period of 20 years, beginning in 2030. The SPA also includes provisions that allow for potential expansion of supply volumes as the partnership evolves.
This deal represents Greece’s first-ever long-term LNG supply agreement with a U.S. exporter, a milestone that underscores both countries’ shared commitment to enhancing transatlantic energy cooperation. The agreement was announced at the 6th Partnership for Transatlantic Energy Cooperation (P-TEC) conference held in Athens, Greece, a forum that gathers government and industry leaders from both sides of the Atlantic to advance energy security and clean energy partnerships.
A New Era in Greek-U.S. LNG Collaboration
Atlantic-See LNG TRADE S.A. was formed through a joint venture between AKTOR, a major Greek construction and infrastructure company, and DEPA Commercial S.A., Greece’s state-linked natural gas supplier and trader. Together, the two companies are positioning Greece as a major LNG hub for Southeastern and Central Europe. The joint venture aims to expand its LNG trading activities, enhance regional storage capacity, and strengthen energy interconnections with neighboring countries.
By securing a long-term supply deal with Venture Global, Atlantic-See is ensuring a reliable flow of U.S. natural gas to Europe at a time when diversification of energy sources remains a strategic priority. The agreement will not only supply Greece but is also expected to support the broader South-North “Vertical Corridor”—an integrated energy route connecting Greece, Bulgaria, Romania, and other Central and Eastern European countries.
Strengthening European Energy Security
This SPA complements Venture Global’s growing role in the European energy market. The company has already made strategic investments in the Alexandroupolis LNG terminal, an important floating storage and regasification unit (FSRU) located in northern Greece. Venture Global’s participation accounts for about 25% of the terminal’s total capacity, highlighting its long-term commitment to the region.
The Alexandroupolis FSRU is a critical infrastructure project for Southeast Europe. Once fully operational, it will serve as a gateway for LNG imports into Greece and neighboring countries, enhancing energy independence and resilience across the region. By enabling greater access to competitively priced U.S. LNG, the terminal supports Europe’s broader goals of energy diversification, affordability, and security.
Through this infrastructure, natural gas delivered from the United States can be regasified in Greece and transported northward to countries such as Bulgaria, Serbia, and North Macedonia—regions that have traditionally relied on pipeline gas from other sources. The new LNG corridor strengthens Europe’s supply flexibility, offering a cleaner and more reliable energy option as the continent continues its transition toward lower-carbon fuels.
A Strategic Partnership for Transatlantic Energy Cooperation
Announcing the agreement, Mike Sabel, CEO of Venture Global, highlighted the significance of the deal for both Greece and Europe as a whole.
“Venture Global is thrilled to expand our energy partnership with Greece and bring additional LNG supply to this critical region, building on our previous investment in the vertical corridor through the Alexandroupolis terminal,” Sabel said. “As a major point of entry for U.S. LNG into Central and Eastern Europe, this strategically important infrastructure and SPA agreement are key to strengthening the region’s ability to diversify their energy mix and access a secure and reliable source of supply.”
Sabel also acknowledged the strong political and diplomatic support behind the growing U.S.–Europe LNG trade, thanking officials who have facilitated closer cooperation between the two sides.
“We are excited to grow our partnership with key regional players such as the newly formed Atlantic-See LNG,” he continued. “We are grateful for the strong leadership of President Trump, Secretary Burgum, Secretary Wright, Ambassador Guilfoyle, and other officials on both sides of the Atlantic who are encouraging further trade of American LNG.”
Driving Regional Growth and Energy Transition
For Greece, the partnership marks an important milestone in the country’s broader energy transition strategy. Greece has been investing heavily in LNG import capacity, renewable energy generation, and interconnection projects to strengthen its role as a regional energy gateway. By securing a long-term LNG contract with a major U.S. supplier, the country is taking a decisive step toward ensuring energy security, competitive pricing, and supply stability for decades to come.
The new SPA will also contribute to regional energy market integration by supporting the Vertical Gas Corridor, a project designed to enable the northward flow of natural gas through Greece and into Central and Eastern Europe. This corridor is seen as a key component of Europe’s long-term energy security framework, reducing dependence on single supply sources and increasing resilience against disruptions.
Moreover, U.S. LNG exports are recognized for their relatively low carbon intensity, particularly as U.S. producers, including Venture Global, continue to invest in carbon capture and methane reduction technologies. This makes American LNG an increasingly attractive option for European countries seeking to meet emissions targets while maintaining reliable baseload energy.
Expanding Venture Global’s European Footprint
This new agreement adds to Venture Global’s growing list of long-term contracts with European buyers. The company has previously signed supply deals with major European utilities and traders in countries including the United Kingdom, France, Italy, and Germany. Venture Global’s global LNG portfolio is anchored by its Calcasieu Pass and Plaquemines LNG projects in Louisiana, with additional projects under development to meet increasing global demand.
Venture Global’s success in securing long-term SPAs reflects a global shift toward reliable, flexible, and sustainable LNG supply chains. Europe, in particular, continues to increase LNG imports to replace pipeline gas and balance renewable energy generation. Greece’s entry into long-term LNG trade with a U.S. supplier signals not only a deepening transatlantic partnership but also the emergence of the Eastern Mediterranean as a vital node in the global LNG network.
A Foundation for Future Cooperation
As the world moves toward a lower-carbon energy future, natural gas is expected to play a crucial role as a transitional fuel—providing reliable power generation, supporting renewables, and facilitating industrial decarbonization. The Venture Global–Atlantic-See agreement aligns with this global trend, delivering both economic opportunity and environmental progress.
With this deal, Greece becomes a pivotal gateway for U.S. LNG into Europe, strengthening ties between North America and the European Union. For Venture Global, it marks another milestone in its mission to supply affordable, reliable, and cleaner energy to global markets.
The partnership between Venture Global and Atlantic-See LNG not only supports energy diversification and security but also embodies a broader vision of strategic collaboration, innovation, and shared prosperity across the transatlantic energy corridor—a vision that will define the next phase of global energy cooperation for years to come.
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