American liquefied natural gas (LNG) exporter Venture Global has firmly expanded its European growth strategy this November through two major long-term supply contracts. One agreement, announced on 7 November, commits Greece’s newly formed entity Atlantic to purchase at least 0.5 million tonnes per annum (MTPA) of U.S. LNG across twenty years beginning in 2030. Yesterday, Venture Global revealed a parallel 20-year Sales and Purchase Agreement (SPA) with Spain’s Naturgy for 1 MTPA of LNG starting in 2030.

In Greece, the SPA marks the nation’s first ever long-term LNG supply deal with a U.S. exporter, positioning the country as a strategic gateway for U.S. supplies into Central and Eastern Europe. The Greek contract builds on Venture Global’s earlier investment in the Alexandroupolis LNG import terminal, where it holds around 25 % of capacity, via a regasification capacity agreement. That infrastructure, located in northern Greece and connected via the so-called South-North “Vertical Corridor” pipeline network, is seen as a key piece in diversifying European gas supply chains beyond traditional Russian flows.

For Spain, the SPA with Naturgy strengthens Venture Global’s European contract portfolio and reflects its commercial momentum in 2025. The deal secures 1 MTPA over two decades, marking Spain’s first long-term commitment to U.S. LNG since Venture Global’s initial contract in 2018. According to Venture Global, this agreement contributes to total long-term contracts signed in 2025 of approximately 5.75 MTPA.

Strategically, these deals align with broader European energy security imperatives. Greece’s emerging role as an LNG hub via the Alexandroupolis terminal not only bolsters Greece’s domestic supply but also enables transmission of U.S. LNG into Central and Eastern Europe, supporting diversification away from Russian-dominated pipelines. Meanwhile Spain, already a well-established LNG import nation, further locks in supply from the U.S., reinforcing its portfolio in a volatile global energy market and augmenting USA-Spain trade in energy.

From Venture Global’s perspective, the contracts reinforce its vertically-integrated business model across production, shipping and regasification, and cement its ambition to serve as a major U.S. LNG supplier to Europe. With over 100 MTPA of capacity in production, construction or development, the company is tapping both a seismic shift in European gas sourcing and structurally elevated global LNG demand.
Looking ahead, the European market will be watching timelines closely: both the Greece and Spain contracts begin in 2030, allowing time for infrastructure and contract logistics to align. For Greece, ramp-up of the Alexandroupolis terminal and the downstream corridor will be key; for Spain, the integration of U.S. volumes into Naturgy’s broader supply mix and how this interplays with EU regulatory developments and geopolitical risks will be critical. The dual agreements thus mark a significant milestone for U.S.–European LNG trade and underscore Venture Global’s expanding footprint in Southern Europe.