Ukraine’s state-owned Naftogaz Group has signed separate agreements with Poland’s state-owned ORLEN SA and a brand new Greek firm for the importation of liquefied pure fuel (LNG) produced in america into Ukraine and different European international locations.
Naftogaz and Atlantic-See LNG Commerce SA, shaped final week by Greece’s Aktor Group and DEPA Business SMSA, “agreed to collectively develop the availability of LNG from the U.S. to Europe and Ukraine by Greek LNG terminals and the Vertical Hall”, Naftogaz mentioned in a press release on its web site.
“This long-term partnership extends by 2050 and can allow the phased implementation of recent strategic initiatives: guaranteeing steady long-term LNG provides for Ukraine; integrating Ukraine’s infrastructure into Europe’s LNG logistics routes; making a sustainable system for the storage and provide of U.S. LNG”.
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Proposed Flows through Vertical Hall
Concurrently fuel transmission system operators (TSOs) which might be a part of the Vertical Hall, a community of current fuel infrastructure permitting the multidirectional circulate of fuel throughout seven European international locations, signed a joint letter requesting that regulators in Bulgaria, Greece, Moldova, Romania and Ukraine approve extra flows through two routes.
“TSOs request the regulators’ approval on the supply of Routes 2 and three till April 2026; and the opportunity of simultaneous provision of Route 1, Route 2 and Route 3 particular capability merchandise in competing auctions”, mentioned a press release posted on DESFA’s web site.
“All collaborating TSOs have agreed to use important reductions – starting from 25 p.c to 50 p.c throughout their interconnection factors, to encourage market use of the brand new capability and facilitate diversified fuel flows. The coordinated tariff reductions and the supply of a number of route choices will assist mitigate potential disruptions, assist uninterrupted deliveries to Ukraine, and make sure the most effective use of current infrastructure throughout the area.
“The TSOs underline that as recognized by the European Fee, the Trans-Balkan hall, a part of the Vertical Hall, is a key part of the EU’s technique to diversify fuel transportation and phaseout reliance on Russian fuel. Approving the supply of Routes 2 and three is instantly in step with this technique, because it leverages LNG and Caspian fuel to bolster long-term vitality safety and market integration”.
Route 2 would begin on the Amfitriti interconnection level on the DESFA grid, cross the Greece-Bulgaria interconnector (ICGB) and proceed by the Trans-Balkan hall. Route 3 would originate on the ICGB pipeline’s interconnection level with TAP and proceed by the identical path, in response to the assertion.
“Sooner approval of those further merchandise will considerably improve the potential for LNG to achieve Ukraine through Greek terminals, strengthening vitality safety and enabling merchants to pick the optimum provide routes based mostly on their wants”, the assertion mentioned.
The plea was made by Bulgaria’s Bulgartransgaz EAD, Greece’s DESFA SA, Moldova’s Vestmoldtransgaz SRL, Romania’s Transgaz SA, the Gasoline TSO of Ukraine and ICGB AD, the impartial operator of the Greece-Bulgaria Interconnector.
Enterprise World Provide
Individually U.S.-based LNG producer Enterprise World Inc introduced an settlement to produce Atlantic-See LNG not less than 500,000 metric tons each year of LNG for 20 years from 2030.
“Underneath the SPA, Atlantic-See has the potential to increase its buy dedication”, Enterprise World mentioned in a press launch.
“This deal marks Greece’s first-ever long-term LNG provide settlement with a U.S. exporter, launching a dynamic and rising partnership between Atlantic-See LNG and Enterprise World”, Enterprise World added.
On September 17, 2024, Enterprise World introduced an settlement giving it a million metric tons a yr of regasification capability at Greece’s Alexandroupolis LNG receiving terminal, a part of the Vertical Hall.
Extra LNG for Ukraine through ORLEN
Naftogaz additionally signed a preliminary settlement with ORLEN beneath which the Polish firm will ship 300 million cubic meters (10.59 billion cubic ft) of U.S. LNG to Ukraine within the first quarter of 2026.
Naftogaz mentioned in a press release it had already contracted about 450 million cubic meters of US LNG from ORLEN in 2025.
The brand new settlement “opens the door to additional initiatives of this kind, which might assist different international locations in Central and Japanese Europe”, Polish Vitality Minister Milosz Motyka was quoted as saying in a press release issued by ORLEN.
Together with the extra LNG volumes, “[O]ur companions along with Poland’s export credit score company KUKE are offering us with a credit score facility for post-payment of delivered volumes, which helps to cowl the present liquidity hole”, mentioned Naftogaz chief government Sergii Koretskyi.
The brand new agreements between Naftogaz and Atlantic-See LNG and ORLEN, in addition to the joint letter by the Vertical Hall TSOs, had been signed on the Partnership for Transatlantic Vitality Cooperation summit between Central and Japanese European international locations and america.
To contact the writer, electronic mail jov.onsat@rigzone.com
