DTEK receives first batch of 100 mcm of LNG from USA
The DTEK energy holding received the first batch of liquefied natural gas (LNG) from the United States after the vessel carrying it docked in Greece.
"The consignment of approximately 100 million cubic meters of gas, or 1 TWh of energy, onboard the Gaslog Savannah arrived at the Revithoussa LNG terminal on Friday morning. D.TRADING, DTEK's pan-European trading subsidiary, has purchased the entire cargo. Working with Greek and other partners, the LNG will now be re-gasified and exchanged through European Union and Ukrainian gas networks," DTEK's website reports.
As the energy holding said, this delivery is part of more global measures aimed at strengthening the energy security of Ukraine and Europe by reducing dependence on Russian gas.
The shipment is part of broader efforts to enhance Ukraine and Europe's energy security by reducing reliance on Russian supplied gas, DTEK said.
D.TRADING expects Friday's consignment to be the first of a number of such shipments from the US, and is looking to expand its LNG activities into northern Europe and the Baltics.
"The arrival of this LNG cargo is a clear signal of DTEK's determination to play its part in strengthening Ukraine and Europe's energy security. Cargoes like this are not only providing the region with a flexible and secure source of power, but are further eroding russia’s influence over our energy system. We are very grateful to the United States for the strategic contribution it is making to Europe’s energy security with such shipments," said DTEK CEO Maksym Tymchenko.
D.Trading said that it is bringing in this first cargo via Greece due to war-related restrictions on LNG transits into the Black Sea and Ukraine directly. Instead, it will use regasification terminals like Revithoussa together with cross-border pipelines such as the Vertical Corridor initiative, which transmits gas between Greece, Bulgaria, Romania, Hungary, Slovakia, Moldova and Ukraine.
As reported in June 2024, U.S. LNG producer Venture Global and D.TRADING entered into an agreement to supply it to Ukraine and Eastern Europe.
"D.TRADING will purchase cargoes from Venture Global's Plaquemines LNG facility beginning later this year and through 2026 to support the medium-term energy security needs of Ukraine and the broader Eastern European region," Venture Global explained in a statement.
In addition, the agreement envisages D.TRADING purchasing up to 2 million tonnes of LNG per year from Venture Global's third facility, CP2 LNG, for 20 years. The agreements also provide for cooperation in matters of access to the capacity of regasification terminals and gas pipelines.