Greece will become a hub for Ukraine for the supply of liquefied natural gas (LNG) from the United States. This step aims to strengthen Europe's energy security and reduce dependence on Russia. This process is also aimed at diversifying Ukraine's energy supply and ensuring its access to more reliable sources.
Redaksiya reports that Greek Prime Minister Kyriakos Mitsotakis stated that the supply of LNG from the US to Ukraine will begin in December-January. Mitsotakis, in a statement after meeting with Ukrainian President Volodymyr Zelenskyy, emphasized that relations between the countries have gained new significance. He noted that Greece will become a new energy security artery for Ukraine. This artery will extend from Greece to Ukraine and is related to the construction of the vertical energy corridor, as well as the Alexandroupolis connecting axis in the city of Odesa. This will allow Ukraine to gain access to reliable energy sources, while Greece will become a hub for the supply of liquefied natural gas from the US to Central and Eastern Europe.
Mitsotakis also added that Europe will no longer buy Russian gas and that Ukraine's energy network will stabilize. Volodymyr Zelenskyy, in turn, stated that the first deliveries would begin in January. At the same time, Greece's DEPA company and Ukraine's Naftogaz company have signed a letter of intent regarding gas supplies to Ukraine from December 2025 to March 2026. Earlier, Naftogaz signed a memorandum with Greece's ATLANTIC-SEE LNG TRADE company, from which LNG will be purchased. A part of this trader is owned by DEPA. Neither party has yet provided information on the volume of purchases. It is known that Ukraine already receives LNG from the US, but via Poland. Until now, Naftogaz has only imported resold Russian gas from Greek companies.
Greeks are known for their entrepreneurial spirit and continue to receive major gas volumes from Russia. LNG from the US remains the second largest fuel source in the country, and local companies are looking for opportunities to increase their purchases of US LNG and resell it to neighboring countries. At the same time, Greek companies are speculating on Russian fuel. According to ENTSOG, a total of 14 million cubic meters were physically exported from Greece during the first 9 months of the year. The Alexandroupolis LNG terminal, which will supply Ukraine, was commissioned this year. However, it is still operating with technical problems, and it is not clear why Greek shareholders are interested in new orders.