The deal deepens the relationship between the U.S. exporter and the partnership formed by Greek firms Aktor Group and Depa Commercial. Venture Global first entered the agreement last November, following a strategic investment in the Alexandroupolis LNG import terminal. CEO Mike Sabel characterized the move as a reinforcement of the 'Vertical Corridor,' noting that such infrastructure investments are critical to establishing reliable energy pathways for the region.
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Venture Global Expands Greek LNG Supply Deal to One Million Tonnes
Venture Global has doubled its supply commitment to Atlantic-SEE LNG, pledging to deliver one million tonnes of U.S. liquefied natural gas annually to the Greek joint venture. The expanded agreement, which spans two decades, aims to bolster energy security across Central and Eastern Europe starting in 2030.
Simultaneously, the company completed a $2.25 billion sale of senior secured notes on Thursday. Venture Global plans to utilize the capital to redeem all outstanding notes previously scheduled to mature in 2028, signaling a move to restructure its debt profile as it scales its European operations.
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