Burgum highlights Greece-US LNG deal

US Interior Secretary Doug Burgum highlighted the landmark LNG agreement between the United States and Greece, signed during the 6th Transatlantic Energy Cooperation Summit in Athens on Friday.

“Making deals & strengthening transatlantic ties in Greece. Between the expansion of gas supply routes along the Vertical Corridor from south to north and Venture Global’s new long-term LNG sales, under POTUS, we are boosting Europe’s energy independence like never before,” wrote Burgum in an X post.

Greece’s DEPA and construction group Aktor signed a 20-year contract through their joint company, Atlantic-See LNG Trade, with US energy firm Venture Global for the supply of up to 4 billion cubic meters of liquefied natural gas (LNG) annually, valued at €25 billion at current prices. The agreement takes effect January 1, 2030.

The deal, one of the largest long-term LNG contracts in Eastern Europe, will channel gas primarily to Ukraine and other Eastern European countries.

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