Greece has signed an agreement to import 0.7 billion cubic meters of liquefied natural gas per year, starting in 2030, and Reuters is devoting an article to the historic deal between ACTOR – DEPA and Venture Capital.
As reported by the international agency, this is the first long-term natural gas (LNG) supply agreement with the U.S., which seeks to replace Russian gas flows to Europe, between Greece’s largest natural gas company DEPA, energy company Aktor and American Venture Global ( VG.N ), opens a new tab. Venture Global is building an export facility in Louisiana, senior vice president Shaylyn Hynes told Reuters.
The 20-year deal comes months after the Trump administration signed a trade deal with the European Union in July, with Europe pledging to buy $250 billion in US energy – oil, liquefied natural gas and nuclear technology – annually over the next three years as it seeks to phase out Russian gas from 2027.
US officials welcomed the deal on Friday (07/11/2026) at an energy conference in Athens, where Washington said it wants to replace every ounce of Russian gas entering Western Europe in the coming years.
“Greece was at the end of a pipeline of an energy supply system dominated by Russia. Today, Greece becomes the starting point, the gateway to Europe for American energy trade,” US Energy Secretary Chris Wright said at a press conference in Athens.
Greece has increased imports of US LNG from 2020, expanded gas infrastructure and backed a plan to transport natural gas through a currently underutilized natural gas pipeline to transport imported gas from its LNG terminals in Ukraine via Bulgaria and Romania as it seeks to strengthen its role as a transit route to Europe.
Wright promised to continue supplying Ukraine this year.