Greece Prepares For Rising LNG Needs
Alexandros Exarchou CEO of Aktor and Atlantic See LNG Trade stated that Greece will need a second FSRU before 2030 to meet rising LNG demand and ensure stronger regional supply routes. He emphasized that Atlantic will require larger LNG volumes than what Venture Global can provide alone especially during the 2026 to 2030 period.
LNG FSRU terminal near Greece
Atlantic See LNG Trade a joint venture between Aktor and DEPA Commercial is actively seeking additional LNG suppliers from the US. The company already signed an agreement in November with Venture Global for LNG imports to Greece and re exports to countries including Ukraine and Romania. Although the agreement covers the 2030 to 2050 period LNG sales to Ukraine and Romania will begin in 2026.
Exarchou noted that Atlantic must secure at least 2 or possibly 3 suppliers for the transitional 2026 to 2030 period. Greece is pursuing these agreements as it aims to become a regional gas hub while Europe works to eliminate dependence on Russian gas.
Energy Security For Europe And Ukraine
The need for stable supply is especially crucial for Ukraine which has suffered the loss of more than half its domestic natural gas production due to Russian attacks. DEPA’s recent agreement to supply Naftogaz with US LNG from December to March will be handled through Atlantic.
Symbolic depiction of LNG trade between the US Greece and Ukraine
Exarchou added that Atlantic will focus exclusively on US LNG because Russian gas will no longer be available after November 2027. A second FSRU is necessary for Greece to expand LNG transit corridors toward Romania Ukraine and Moldova a move he described as a matter of national interest.
Strategic Expansion For Atlantic And Aktor
In the short term Atlantic will charter ships to transport LNG from the US to Greece while evaluating the long term possibility of constructing its own fleet. The LNG venture is part of Aktor’s broader diversification strategy to reduce its dependence on the construction sector lowering its EBITDA reliance from 85 percent to 40 percent with updated energy sector contributions expected by the end of the year.
Exarchou stated that LNG activities will have a significant impact during the 2026 to 2030 period with even greater influence anticipated from 2030 to 2050.
