DEPA Commercial and Naftogaz of Ukraine signed today a Letter of Intent to supply natural gas to the market of Ukraine for the winter period between December 2025 and March 2026, marking a tangible step in strengthening regional energy cooperation and advancing Europe’s energy security architecture.

Under the framework of the prospective agreement, LNG volumes originating from the United States are expected to be transported through “Route 1”, offered jointly by the gas transmission system operators (TSOs) of Greece (DESFA), Bulgaria (Bulgartransgaz), Romania (Transgaz), Moldova (VestMoldTransgaz), and Ukraine (GTSOU).

The two state-owned companies, DEPA Commercial and Naftogaz of Ukraine, through this agreement join their forces in a highly competitive and constantly evolving environment for the European energy market, in which energy solidarity and Greece’s critical energy infrastructure enhance regional energy security and ensure stable natural gas flows along the Vertical Corridor.

Mr. Konstantinos Xifaras, CEO of DEPA Commercial, emphasized:

“Today’s signing of the Letter of Intent between DEPA Commercial and Naftogaz represents a substantial contribution to regional energy cooperation and market integration at a critical time. The delivery of natural gas to Ukraine through a reliable, multi-country corridor constitutes an ‘energy bridge’ between the infrastructures of Greece and Ukraine, supporting broader European energy resilience. The supply of U.S. LNG will be facilitated through ATLANTIC–SEE, in which DEPA holds a 40% stake, underlining the company’s commitment to providing practical and secure energy solutions across Southeast Europe.”

Mr. Sergii Koretskyi, CEO of Naftogaz, highlighted:

“This agreement opens for us another reliable direction for imports for the upcoming winter. We are consistently expanding the geography of supplies to guarantee stable heating for Ukrainians and to strengthen the energy security of the entire region. I thank DEPA Commercial for their readiness to move forward together. Sincere gratitude to the President of Ukraine and the Government for making this agreement possible.”

About Naftogaz

Naftogaz Group is Ukraine’s leading vertically integrated energy company and a cornerstone of the country’s energy security. Its portfolio spans natural gas and oil exploration and production, transmission and storage, wholesale and retail supply, and power and heat generation. Central to its strategy is diversifying energy sources and supply routes, leveraging pipelines and storage via Ukrtransgaz, while Naftogaz Trading actively engages in global spot and long-term gas markets. The company invests in renewable energy, including solar PV, small-scale LNG, green hydrogen, and biomethane, strengthening Ukraine’s role as a reliable energy hub and shaping a sustainable, future-ready energy system.

About DEPA Commercial

DEPA Commercial is a modern, vertically integrated energy group at the forefront of Greece’s evolving energy landscape and a key pillar of national energy security. Its dynamic portfolio spans natural gas supply and trading, electricity, power generation, renewable energy, and alternative fuels including hydrogen, biomethane, and small-scale LNG. Central to its strategy is diversifying gas sources and routes, with a flexible LNG portfolio and global market participation. Through the recent joint venture ATLANTIC – SEE LNG TRADE, DEPA enhances regional LNG trading and interconnections. The company also invests in power generation and the green transition, shaping Greece’s energy future.