Ukraine’s DTEK receives its first shipment of LNG cargo from US

Cargo arrives at Greek terminal from Louisiana onboard the Gaslog Savannah
DTEK buys entire 100 million cubic metre shipment. Expects similar cargoes in future.

DTEK, Ukraine’s largest private energy company, has today taken delivery of its first cargo of liquefied natural gas (LNG) from the United States, after the LNG shipment docked in Greece.

The consignment of approximately 100 million cubic metres of gas, or 1 TWh of energy, onboard the Gaslog Savannah arrived at the Revithoussa LNG terminal on Friday morning. D.TRADING, DTEK’s pan-European trading subsidiary, has purchased the entire cargo. Working with Greek and other partners, the LNG will now be re-gasified and exchanged through European Union and Ukrainian gas networks.

The shipment is part of broader efforts to enhance Ukraine and Europe’s energy security by reducing reliance on russian supplied gas. Its arrival comes just days before Ukraine ends an arrangement transporting russian gas to the European Union via its territory.

D.TRADING expects Friday’s consignment to be the first of a number of such shipments from the US, and is looking to expand its LNG activities into northern Europe and the Baltics.

DTEK CEO Maxim Timchenko said: “The arrival of this LNG cargo is a clear signal of DTEK’s determination to play its part in strengthening Ukraine and Europe’s energy security. Cargoes like this are not only providing the region with a flexible and secure source of power, but are further eroding russia’s influence over our energy system. We are very grateful to the United States for the strategic contribution it is making to Europe’s energy security with such shipments”.

D.TRADING is bringing in this first cargo via Greece due to war-related restrictions on LNG transits into the Black Sea and Ukraine directly. Instead, it will use regasification terminals like Revithoussa together with cross-border pipelines such as the Vertical Corridor initiative, which transmits gas between Greece, Bulgaria, Romania, Hungary, Slovakia, Moldova and Ukraine.

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About DTEK

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 14 million consumers in the regions affected by the hostilities. DTEK Group is 100% owned by SCM Limited. The ultimate beneficiary is Rinat Akhmetov.

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 23 countries and work on 22 energy trading exchanges.

We use our advanced tools and technologies to tailor innovative commodity trading solutions, creating unique benefits for our customers and partners.