OIL - Venture Global Announces Landmark Energy Security Agreement with DTEK of Ukraine | Benzinga
ARLINGTON, Va., June 13, 2024 /PRNewswire/ -- Today, Venture Global and D. TRADING (commercial arm of DTEK Group) announced the execution of a comprehensive Heads of Agreement (HOA) for the supply of U.S. liquefied natural gas (LNG) to Ukraine and Eastern Europe. The HOA provides that DTEK's subsidiary, D. TRADING, will purchase cargoes from Venture Global's Plaquemines LNG facility beginning later this year through the end of 2026 to support near to medium term energy security needs for Ukraine and the broader Eastern European region. In addition, the HOA provides that D. TRADING will purchase up to 2 million tonnes per annum (MTPA) of LNG from Venture Global's third facility, CP2 LNG, for 20 years. The HOA also calls for cooperation on opportunities to access regasification terminal capacity and gas pipeline capacity that provide an integrated and flexible transport path to support the energy security of the region.