Greek joint venture pursues 20 year US LNG deal to secure European energy supplies

Atlantic Sea LNG Trade, a joint venture between DEPA and Aktor, is currently in negotiations to secure a potential 20-year contract for up to 15 billion cubic meters (bcm) per year of liquefied natural gas from the United States US. This significant deal, which remains under discussion as of February 6, 2026, is intended to supply southern Europe and could fundamentally reshape regional gas transit and long-term supply arrangements. The negotiations are specifically timed to coincide with a high-level meeting scheduled for February 24 in Washington.

The proposed agreement targets buyers situated along the Vertical Gas Corridor, an infrastructure network that connects Greece GR to central Europe and Ukraine UA. If the deal is concluded, it would play a major role in the region's energy strategy as Europe moves toward its stated goal of halting all Russian gas imports by late 2027. The discussions involve several key regional actors, including Naftogaz and various U.S. US LNG suppliers, with Venture Global, Inc. VG among the entities relevant to the broader supply landscape.