Naftogaz and Greek ATLANTIC-SEE sign memorandum of cooperation

Naftogaz Group has signed a Memorandum of Cooperation with the Greek company ATLANTIC-SEE LNG TRADE S.A.

This is announced in the group's statement, Ukrainian News Agency reports.

The statement says that the parties agreed to jointly develop the supply of liquefied natural gas (LNG) of American origin to Europe and Ukraine through Greek gas terminals and the Vertical Corridor.

"We are laying a new foundation in transatlantic cooperation with partners. This is another step towards Ukraine's long-term energy stability and new opportunities," said Serhii Koretskyi, Chairman of the Board of Naftogaz of Ukraine.

The long-term partnership covers the horizon until 2050.

According to the Chairman of the Board, this will allow for the phased implementation of new strategic projects:

- ensure stable long-term supplies of LNG for Ukraine;

- integrate our infrastructure into LNG logistics routes to Europe;

- create a sustainable system for the supply and storage of American LNG.

The signing took place in the presence and with the full support of the Minister of Energy of Ukraine Svitlana Hrynchuk, the Minister of Environment and Energy of Greece Stavros Papastavrou, the US Secretary of Energy Chris Wright, the US Secretary of the Interior Doug Burgum, the Ambassador of the United States of America to Greece Kimberly Guilfoyle, and the US Chargé d'Affaires ai to Ukraine Julie S. Davis.

As Ukrainian News Agency earlier reported, in early June, the Naftogaz Group and the Polish energy company ORLEN signed a Memorandum of Strategic Cooperation.

At the end of August, NJSC Naftogaz of Ukraine and the Norwegian Equinor (a global oil and gas major with advanced expertise in exploration and production) signed a memorandum of cooperation.

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