The Naftogaz Group and Greek company ATLANTIC-SEE LNG TRADE S.A. have signed a memorandum of cooperation with the aim of diversifying liquefied natural gas (LNG) supply routes to Ukraine, according to Sergey Koretsky, CEO of Naftogaz of Ukraine.
“On the sidelines of P-TEC, we signed a memorandum with the Greek company ATLANTIC-SEE LNG TRADE S.A. It concerns future regular supplies of American gas to Ukraine via Greek gas terminals and the Vertical Corridor,” Koretsky wrote on Facebook on Friday.
The long-term partnership is set to last until 2050 and will allow for the gradual implementation of new strategic projects.
He mentioned ensuring stable long-term LNG supplies for Ukraine, integrating Ukrainian infrastructure into LNG logistics routes to Europe, and creating a sustainable system for the supply and storage of American LNG.
“We are laying a new foundation for transatlantic cooperation with our partners. This is another step towards long-term energy stability for Ukraine and new opportunities,” commented the head of Naftogaz.
As reported, on the same day at P-TEC, Naftogaz Group agreed with Poland’s ORLEN and American partners on new supplies of American LNG to Ukraine in the amount of at least 300 million cubic meters for a stable heating season.
As of October 1, Ukraine had already received 400 million cubic meters of American LNG.
