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- Deal doubles quantity of US LNG to be supplied by Venture Global, expanding existing partnership to bolster Central and Eastern European energy security<\/i><\/li>\n
- Builds on Venture Global\u2019s regasification capacity investment in the Alexandroupolis LNG import terminal to supply U.S. LNG to the region<\/i><\/li>\n<\/ul>\n
ARLINGTON, Va.–(BUSINESS WIRE<\/a>)–
\nToday, Venture Global, Inc. (NYSE: VG) and ATLANTIC \u2013 SEE LNG TRADE S.A. of Greece announced an expansion of their existing Sales and Purchase Agreement (SPA) for the purchase of U.S. liquefied natural gas (LNG) from Venture Global for twenty years starting in 2030. Under the deal, Atlantic-SEE is doubling their existing contract with Venture Global from a minimum of 0.5 million tonnes per annum (MTPA) to 1.0 million tonnes per annum (MTPA).<\/p>\n\nAtlantic-SEE LNG is a newly formed joint venture announced in November at the 6th Partnership for Transatlantic Energy Cooperation (PTEC) conference hosted in Athens, Greece between Greek companies AKTOR Group and DEPA Commercial. The announcement of this expanded supply agreement follows Venture Global\u2019s previously announced investment in regasification capacity at the Alexandroupolis LNG import terminal in Greece, which currently accounts for approximately 25% of the terminal\u2019s total capacity. The Alexandroupolis LNG FSRU receiving terminal and South-North \u2018Vertical Corridor\u2019 will be essential to enhancing Central and Eastern European energy security by providing a new route to bring affordable and reliable U.S. natural gas into the region.<\/p>\n
\n\u201cVenture Global is honored to announce this expanded partnership which reinforces our shared commitment to energy security, supply diversification, and economic growth, while advancing the strategic energy relationship between the United States and Europe,\u201d said Venture Global CEO Mike Sabel. <\/b>\u201cThe Vertical Corridor has emerged as a vital energy hub for the region, and our continued investment in infrastructure such as the Alexandroupolis terminal is helping create new pathways for secure, reliable energy supply across Central and Eastern Europe. We are grateful for the leadership of President Trump, Secretary Burgum, Secretary Wright, Ambassador Guilfoyle, and officials across both sides of the Atlantic whose support continues to strengthen transatlantic energy cooperation and expand access to U.S. LNG around the world.\u201d<\/p>\n
\n\u201cThe expansion of our commercial agreement with Venture Globalreflects the ambition and solid ground of our long-term strategic plan on LNG and the potential of the vertical corridor, which can provide alternatives and energy security across Central and Eastern Europe. It also highlights the growing importance of the transatlantic energy cooperation between Greece and the United States that will benefit the entire region,\u201d said Alexandros Exarchou, CEO of Atlantic SEE LNG Trade<\/b>. \u201cThe geopolitical development has offered us the historic opportunity to operate as an energy hub between continents, and we aspire to build on this momentum and offer our customers long-term, sustainable, and predictable energy safety.\u201d<\/p>\n
\n\u201cToday\u2019s agreement marks the successful transition from vision to action,” said Konstantinos Xifaras, Chairman of Atlantic SEE LNG Trade. <\/b>\u201cBy doubling the volumes secured under this agreement, we are creating a stronger foundation for reliable and predictable LNG supplies across the region, while translating strategic planning into concrete commercial outcomes. This agreement reflects the value of long-term partnerships and reinforces the growing role of transatlantic energy cooperation in supporting regional energy security and resilience.\u201d<\/p>\n
About Venture Global<\/b><\/p>\n
\nVenture Global is an American producer and exporter of low-cost U.S. liquefied natural gas (LNG) with over 100 MTPA of capacity in production, construction, or development. Venture Global began producing LNG from its first facility in 2022 and is now one of the largest LNG exporters in the United States. The company\u2019s vertically integrated business includes assets across the LNG supply chain including LNG production, natural gas transport, shipping and regasification. The company\u2019s first three projects, Calcasieu Pass, Plaquemines LNG, and CP2 LNG, are located in Louisiana along the Gulf of America. Venture Global is developing Carbon Capture and Sequestration projects at each of its LNG facilities.<\/p>\n
About Atlantic SEE LNG Trade<\/b><\/p>\n
\nATLANTIC \u2013 SEE LNG TRADE is a company in which AKTOR Group of Companies holds a 60% stake and DEPA Commercial holds 40%, respectively. Its goal is to import Liquefied Natural Gas (LNG) into Greece and trade it across Eastern and Southeastern Europe via the Vertical Energy Corridor, thereby contributing to Europe’s energy supply security and strengthening Transatlantic Cooperation.<\/p>\n
Forward-looking Statements<\/b><\/p>\n
\nThis press release contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), and Section 21E of the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d). All statements, other than statements of historical facts, included herein are \u201cforward-looking statements.\u201d In some cases, forward-looking statements can be identified by terminology such as \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cpursue,\u201d \u201ctarget,\u201d \u201ccontinue,\u201d the negative of such terms or other comparable terminology.<\/p>\n
\nThese forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include statements about our future performance, our contracts, our anticipated growth strategies and anticipated trends impacting our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Those factors include our need for significant additional capital to construct and complete future projects and related assets, and our potential inability to secure such financing on acceptable terms, or at all; our potential inability to accurately estimate costs for our projects, and the risk that the construction and operations of natural gas pipelines and pipeline connections for our projects suffer cost overruns and delays related to obtaining regulatory approvals, development risks, labor costs, unavailability of skilled workers, operational hazards and other risks; the uncertainty regarding the future of global trade dynamics, international trade agreements and the United States\u2019 position on international trade, including the effects of tariffs; our dependence on our EPC and other contractors for the successful completion of our projects, including the potential inability of our contractors to perform their obligations under their contracts; various economic and political factors, including opposition by environmental or other public interest groups, or the lack of local government and community support required for our projects, which could negatively affect the permitting status, timing or overall development, construction and operation of our projects; and risks related to other factors discussed under \u201cItem 1A.\u2014Risk Factors\u201d of our annual report on Form 10-K for the year ended December 31, 2024 as filed with the Securities and Exchange Commission (\u201cSEC\u201d) and any subsequent reports filed with the SEC.<\/p>\n
\nAny forward-looking statements contained herein speak only as of the date of this press release and are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements to reflect subsequent events or circumstances, except as may be required by law.<\/p>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260611230438\/en\/<\/a><\/span><\/p>\n
Investor contact:
\n<\/b>
Ben Nolan
\n
IR@ventureglobalLNG.com<\/a><\/p>\nMedia contact:
\n<\/b>
Shaylyn Hynes
\n
press@ventureglobalLNG.com<\/a><\/p>\nKEYWORDS:<\/b> Virginia Europe United States Greece North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> Energy Other Energy Oil\/Gas<\/p>\n
- Builds on Venture Global\u2019s regasification capacity investment in the Alexandroupolis LNG import terminal to supply U.S. LNG to the region<\/i><\/li>\n<\/ul>\n
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