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Greece Signs LNG Import Deal with TotalEnergies

NATURAL GAS

Greek utility, DEPA Commercial, has signed a deal with TotalEnergies for winter LNG supply if needed, the Greek ministry said today.

  • TotalEnergies will supply Greece with two LNG cargoes a month for five months until March 2023. Greece can reserve the right not to purchase if they pay a cancellation fee.
  • Greece will use a benchmark price, not TTF to price the cargoes. It is not clear how the pricing is structured.
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Greek utility, DEPA Commercial, has signed a deal with TotalEnergies for winter LNG supply if needed, the Greek ministry said today.

  • TotalEnergies will supply Greece with two LNG cargoes a month for five months until March 2023. Greece can reserve the right not to purchase if they pay a cancellation fee.
  • Greece will use a benchmark price, not TTF to price the cargoes. It is not clear how the pricing is structured.