Greek DEPA and “Naftogaz of Ukraine” have signed a letter of intent regarding gas supplies.
According to the plan, American LNG will be sent to Ukraine via Greece, Bulgaria, Romania, and Moldova.
The press release on DEPA’s website states that deliveries will begin in December and continue until March 2026. Liquefied natural gas from the USA will be supplied to Ukraine along Route 1 – a gas supply project from Greece to Ukraine through five countries. The transportation will involve the Greek operator DESFA, Bulgarian Bulgartransgaz, Romanian Transgaz, Moldovan VestMoldTransgaz, and Ukrainian GTSOU.
They signed – press releases were issued, and now the most interesting part begins. Who will pay?
Because a bankrupt country with a $50 billion budget hole always means “Give!” when it says “buy. ” They even have such an economic development plan for the country: they count who will give how much.
And here we are talking about expensive American LNG, plus through a bunch of intermediaries.
Presumably the Greeks are aware of the financial standing of their new gas partner. Do they have guarantors for the payments?
