Greece: Energy Hub with Deals Exceeding €30 Billion

Greece is being upgraded to an energy hub for Eastern and Central Europe, with deals exceeding €30 billion following a transatlantic conference in Athens. The increased American presence confirms Washington's intention to deepen relations with Athens.

The agreements are based on two pillars: natural gas and LNG infrastructure (€26 billion over 20 years) and accelerated cooperation in hydrocarbons (€5-10 billion). Atlantic See LNG Trade S.A., a joint venture between Aktor and DEPA Emborias, signed a 20-year contract with the American Venture Global for LNG supply.

Through the Alexandroupolis terminal (FSRU), Greece aims to increase LNG imports from the USA and export them via the Vertical Corridor to Bulgaria, Romania, Hungary, and Ukraine. The US DFC (Development Finance Corporation) is considering an active role in the DEPA Emborias - Aktor agreement.

In the hydrocarbons sector, ExxonMobil is proceeding with cooperation with Energean and Helleniq Energy to process seismic data in the offshore blocks "Southwest" and "West of Crete". Also, Energean and ExxonMobil are proceeding with exploratory drilling in Block 2, west of Corfu.