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.”

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Background

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global’s first facility, Calcasieu Pass, commenced producing first LNG in January 2022. The company is also constructing or developing an additional 60 MTPA of production capacity in Louisiana to provide clean, affordable energy to the world. The company is developing Carbon Capture and Sequestration (CCS) projects at each of its LNG facilities.

D.Trading is a pan-European commodity trading company that combines a client-oriented business approach with cutting-edge technology. Operating from Europe for Europe, we understand the Central, Eastern and Southeastern Europe (CESEE) markets.

The company was incorporated in 2019 as a commercial arm of DTEK Group. With the start of international expansion D.TRADING has established strategic hubs in Amsterdam/NL, Zug/CH, Zagreb/CRO and Kyiv/UA. Today, D.TRADING teams manage business in 21 countries and work on 14 energy trading exchanges. We use our advanced tools and technologies to tailor innovative commodity trading solutions, creating unique benefits for our customers and partners.

DTEK Group is the largest private investor in the energy sector of Ukraine. The Group employs 55,000 people

DTEK Group's companies are engaged in coal and natural gas mining, electricity production at wind, solar and thermal power plants, trade energy resources in the Ukrainian and international markets, distribute and supply electricity to consumers, provide energy-efficient services to customers, and develop a network of high-speed charging stations. In accordance with the Strategy 2030, DTEK strives to transform into a more energy-efficient, environmentally friendly and technological business, guided by ESG principles. DTEK is a member of the World Economic Forum’s Partnering Against Corruption Initiative (PACI). Our goal is to achieve carbon neutrality.

Since the beginning of the full-scale invasion, DTEK Group has restored power supply to more than 11 million consumers in the regions affected by the hostilities.

DTEK Group is 100% owned by SCM Limited. The ultimate beneficiary is Rinat Akhmetov