Ukraine to receive first gas supplies from new Greek supplier in March
Revithousa LNG terminal in Greece (Photo: EPA / ORESTIS PANAGIOTOU)

Ukraine will receive its first natural gas supplies from a new supplier via Greece in March 2026, following an agreement signed last week.

On January 30, Atlantic See LNG Trade signed its first contract to supply U.S. liquefied natural gas (LNG) to Ukraine, the company said in a press release.

Under the agreement, BP will act as the supplier, while Ukraine’s state-owned Naftogaz will be the buyer.

The first LNG cargo will arrive at the Revithoussa LNG terminal in Greece, from where the gas will be delivered to Ukraine in March 2026.

Deliveries could reach up to 1 million MWh, or around 100 million cubic meters of gas, depending on the available capacity of gas transmission systems in transit countries.

The gas will be transported via the so-called "Route 1," passing through Greece, Bulgaria, Romania and Moldova.

"With this agreement, the Vertical Corridor becomes a reality, opening a route that will not only strengthen Europe’s energy security but also deliver significant benefits to the Greek economy," said Alexandros Exarchos, CEO of Atlantic See LNG Trade.

Atlantic See LNG Trade is a joint venture between Greek construction group Aktor, which holds a 60% stake, and state-owned DEPA Commercial, with 40%. The company was established in November 2025 and has a long-term agreement with U.S.-based Venture Global for LNG supplies starting in 2030.

  • In November 2025, Naftogaz and Atlantic See LNG Trade signed a memorandum of cooperation providing for regular supplies of U.S. gas to Ukraine via Greek LNG terminals and the Vertical Corridor — a route using the former Trans-Balkan Gas Pipeline in reverse, previously used to transport Russian gas to the Balkans.