Ministry of Energy: Ukraine signed an agreement on the supply of American gas until 2050

Ukraine has signed an agreement on future regular supplies of American liquefied natural gas through Greek gas terminals and the Vertical Corridor, the Ministry of Energy reported.

According to the report, the agreement was signed by Naftogaz Group and the Greek company ATLANTIC-SEE LNG TRADE SA during the ministerial meeting of the Partnership for Transatlantic Energy Cooperation (P-TEC)

According to the Minister of Energy of Ukraine Svitlana Grynchuk, the long-term partnership covers the horizon until 2050.

According to her, this will make it possible to gradually implement new strategic projects, in particular, to ensure stable long-term supplies of LNG for Ukraine; integrate Ukrainian infrastructure into LNG logistics routes to Europe; ⁠⁠create a sustainable system of supply and storage of American liquefied gas.

“I thank the partners from the USA and Greece for their cooperation. We are laying a new foundation in transatlantic cooperation with partners and taking another step for Ukraine’s long-term energy stability and new opportunities,” the press service of the Ministry of Energy quotes the minister as saying.

Recently, Russia has stepped up its attacks on Ukraine’s energy sector and the gas infrastructure that supplies people with gas during the heating season.

On October 9, Bloomberg reported that Russian strikes had destroyed more than half of Ukraine’s domestic natural gas production, likely forcing Kyiv to spend 1.9 billion euros ($2.2 billion) on fuel imports to survive the winter.