Venture Global has announced a long-term terminal use agreement with GASTRADE S.A. that will allow for the regasification and sale of liquefied natural gas from Venture Global’s terminals in Louisiana to markets in Central and Eastern Europe. The agreement secures around 1 million tons per annum of LNG regasification capacity at the new Alexandroupolis LNG terminal in Greece, starting in 2025. This capacity will account for roughly 25 percent of the terminal’s total, translating to about 12 LNG cargoes annually.
The Alexandroupolis LNG terminal and the associated South-North ‘Vertical Corridor’ will play a key role in bolstering energy security for Central and Eastern Europe by providing alternative routes for natural gas supply. These infrastructure projects have received partial funding from the European Union and the United States Government’s Development Finance Corporation.
Mike Sabel, CEO of Venture Global, highlighted the strategic importance of this move in expanding the company’s European regasification capacity and integrating assets across the LNG supply chain, including production, shipping, and regasification. This infrastructure will be critical for diversifying energy sources and ensuring secure, reliable supplies for the region, with contributions from both Plaquemines LNG and the future CP2 LNG.
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