D.TRADING signs landmark agreement with Venture Global aimed to boost energy security in the EU

D.TRADING, the commodity trading subsidiary of DTEK Group, and Venture Global (US) have 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 corresponding document was signed on the sidelines of Ukraine Recovery Conference, taking place in Berlin on June 11-12, 2024.

Heads of Agreement include:

• • supporting near medium to long term energy security needs for Ukraine and the broader Eastern European region.
• • 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.

Ivan Geliukh, D.TRADING CEO said “At D.TRADING we believe that this Heads of Agreement marks a significant milestone in our commitment to support Ukraine and the EU in the process of decarbonization, as well as energy security for Europe. This partnership underscores a strong dedication to ensuring access to sustainable energy today and in the future”.

European energy security is at the core of the HOA between D.TRADING and Venture Global.

“Venture Global is proud to partner with DTEK ’s subsidiary D.TRADING to support Ukrainian and Eastern European energy security by supplying short-term and long-term U.S. LNG from our Plaquemines and CP2 facilities. President Biden has committed to increasing LNG supply into Europe and Venture Global is pleased to be in a position to continue to support these efforts. With this landmark agreement, we will help bolster Ukraine’s security of natural gas supply, aid continued recovery and economic growth in the region, and further strengthen European energy security.”