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    Venture Global, DTEK sign LNG supply deal for Ukraine, Eastern Europe

Summary

U.S.-based liquefied natural gas developer Venture Global and the commercial arm of Ukraine's largest private energy company DTEK Group on Thursday announced an agreement to supply LNG to Ukraine and Eastern Europe.

by: Reuters

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Venture Global, DTEK sign LNG supply deal for Ukraine, Eastern Europe

 - U.S.-based liquefied natural gas developer Venture Global and the commercial arm of Ukraine's largest private energy company DTEK Group on Thursday announced an agreement to supply LNG to Ukraine and Eastern Europe.

Under the agreement, DTEK's trading unit D. Trading will buy cargoes from Venture Global's Plaquemines LNG facility in Louisiana from later this year till end-2026.

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The deal aims to support Ukraine and the broader Eastern European region's near-to-medium term energy needs, the companies said in a release.

D. Trading will also purchase up to 2 million tonnes per annum (MTPA) of LNG from Venture Global's third facility, CP2 LNG, for 20 years.

 

(Reporting by Seher Dareen in Bengaluru; Editing by Nivedita Bhattacharjee and Varun H K)