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 officially introduced in November during the 6th Partnership for Transatlantic Energy Cooperation (PTEC) conference held in Athens. The joint venture was established by two major Greek companies, AKTOR Group and DEPA Commercial, with the objective of strengthening LNG trading activities and supporting regional energy security initiatives.
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. Venture Global currently accounts for approximately one-quarter of the terminal’s overall capacity, demonstrating the company’s commitment to supporting critical energy infrastructure in the region.
The Alexandroupolis Floating Storage and Regasification Unit (FSRU) terminal has emerged as one of the most significant energy projects in Southeastern Europe. The facility serves as an important entry point for LNG imports and is expected to play a central role in diversifying natural gas supplies for countries throughout the Balkans and Central Europe.
Industry observers view the Alexandroupolis terminal as a key component of the South-North Vertical Corridor, an infrastructure network designed to facilitate the movement of natural gas from Southern Europe into Central and Eastern European markets. The corridor is intended to reduce dependence on traditional supply routes while creating greater flexibility and resilience within the European energy system.
As Europe continues to adapt to shifting geopolitical realities and evolving energy market conditions, projects such as the Alexandroupolis LNG terminal and the Vertical Corridor are becoming increasingly important. These initiatives provide alternative supply pathways that can help ensure reliable access to energy while enhancing regional stability.
Venture Global Chief Executive Officer Mike Sabel emphasized the broader strategic significance of the agreement, describing it as another step forward in strengthening energy ties between the United States and Europe.
According to Sabel, the expanded partnership reflects a shared commitment to supply diversification, energy security, and economic development. He noted that the agreement reinforces the strategic energy relationship between both sides of the Atlantic and supports efforts to provide dependable energy supplies to European consumers.
Sabel highlighted the growing importance of the Vertical Corridor, describing it as a critical energy hub for the region. He explained that Venture Global’s continued investments in infrastructure, including its participation in the Alexandroupolis terminal, are helping create new routes for secure and reliable energy deliveries throughout Central and Eastern Europe.
He also expressed appreciation for the support provided by government leaders and officials in both the United States and Europe who have promoted stronger transatlantic energy cooperation. Sabel noted that such collaboration has played an important role in expanding access to U.S. LNG in international markets and strengthening energy partnerships across Europe.
For Atlantic-SEE LNG Trade, the expanded agreement aligns closely with the company’s long-term strategic objectives.
Alexandros Exarchou, Chief Executive Officer of Atlantic-SEE LNG Trade, said the decision to increase LNG purchase volumes reflects both the company’s ambitions and its confidence in the future potential of the Vertical Corridor.
He stated that the expanded commercial relationship with Venture Global supports the company’s long-term LNG strategy while contributing to broader regional efforts aimed at enhancing energy security. Exarchou emphasized that the corridor can provide important alternative supply routes for countries across Central and Eastern Europe, reducing vulnerability to supply disruptions and increasing market flexibility.
Exarchou also pointed to the strengthening energy relationship between Greece and the United States as a significant factor behind the agreement. He noted that growing cooperation between the two countries is expected to deliver benefits not only to Greece but also to neighboring markets throughout the region.
According to Exarchou, recent geopolitical developments have created a unique opportunity for Greece to establish itself as an important energy hub connecting multiple regions and continents. He said Atlantic-SEE intends to build upon this momentum by providing customers with long-term, sustainable, and predictable energy solutions.
The leadership of Atlantic-SEE LNG Trade believes the agreement represents more than simply an increase in LNG volumes. It also serves as evidence of the company’s ability to translate strategic planning into concrete commercial achievements.
Konstantinos Xifaras, Chairman of Atlantic-SEE LNG Trade, described the agreement as a milestone in the company’s development. He said the expansion demonstrates a successful transition from strategic vision to practical implementation.
By doubling the volumes secured through the agreement, Xifaras noted that Atlantic-SEE is strengthening the foundation for reliable LNG supplies throughout the region. He added that the arrangement supports greater predictability for energy markets while helping improve regional resilience against future supply challenges.
Xifaras further emphasized the value of long-term partnerships in today’s energy landscape. He said the agreement reflects the importance of sustained collaboration between companies operating on both sides of the Atlantic and reinforces the growing contribution of transatlantic energy cooperation to regional energy security.
The expanded Venture Global–Atlantic-SEE agreement arrives at a time when European countries continue to prioritize diversification of energy sources and investment in critical infrastructure. With LNG expected to remain an important component of Europe’s energy mix for years to come, long-term supply agreements such as this one are increasingly viewed as essential tools for ensuring stable and reliable access to energy.
As LNG demand continues to evolve and infrastructure projects such as the Alexandroupolis FSRU and the Vertical Corridor gain prominence, the strengthened partnership between Venture Global and Atlantic-SEE LNG Trade is expected to play a meaningful role in supporting the region’s energy security objectives well into the next decade.
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