Ukraine this weekend signed agreements to receive natural gas from U.S. LNG cargoes arriving in Greece as it aims to secure gas supply for the winter amid intensified Russian attacks on Ukrainian energy infrastructure.
During a visit of Ukrainian President Volodymyr Zelenskyy in Athens, Ukraine’s national oil and gas firm Naftogaz Group and Greek state-owned company DEPA signed a letter of intent on the supply of natural gas to Ukraine for the 2025-2026 winter period. Ukraine and Greece signed both operational and long-term agreements in the presence of Zelenskyy and Greek Prime Minister Kyriakos Mitsotakis. The signing ceremony was also attended by the U.S. Ambassador to Greece Kimberly Guilfoyle.
The gas will be supplied via pipelines from the Greek port of Alexandroupolis to the Ukrainian port of Odessa, through a route jointly offered by the gas transmission system operators of five European countries.
“The supply of US LNG will be facilitated through ATLANTIC–SEE, in which DEPA holds a 40% stake, underlining the company’s commitment to practical and secure energy solutions across Southeast Europe,” said Konstantinos Xifaras, CEO of the Greek firm DEPA Commercial.
“Most power plants in Ukraine, our gas production facilities and our thermal power plants have become targets for missiles and drones,” Zelenskyy said on X.
“Our agreements with Greece today are an important part of the large energy package we have prepared for the winter to ensure gas supplies to Ukraine. Deliveries will begin already in January. In addition to the agreement on prompt supply, there are also long-term agreements,” the Ukrainian President added.
The European Investment Bank (EIB), the bank of the European Union, is also supporting Ukraine’s gas supply with loans and grants to pay for gas imports this winter as its own output and infrastructure are battered by Russian attacks.
Separately, Ukraine’s imports of electricity from the EU surged to a 2025 high in October as Russia intensified attacks on the power grid to wreak additional havoc as temperatures drop.
By Tsvetana Paraskova for Oilprice.com
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