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.
DTEK Group is the largest private investor in Ukraine’s energy sector, with 55,000 employees and over €12 billion of capital invested since 2005.
Our businesses generate electricity at wind, solar and thermal power plants; distribute and supply power to end consumers; extract natural gas and coal; trade energy resources on Ukrainian and foreign markets; and provide domestic and commercial energy services.
Over the last 20 years, DTEK has grown into a national energy leader and is today transforming into a pan-European clean energy business.
Since the full-scale invasion of Ukraine in 2022, DTEK Group has restored power to millions of consumers across regions affected by hostilities.
DTEK Group is 100% owned by SCM Holdings. The ultimate beneficiary and sole shareholder is Rinat Akhmetov, a businessman and philanthropist.