THE 4 PILLARS OF US-GRECO GEOSTRATEGIC PARTNERSHIP
Just ten days have past since the historic P-TEC conference in Athens where US Energy Secretary Chris Wright and Interior Secretary Doug Burgum joined a party of European energy ministers, US Ambassador Kimberley Guilfoyle and Greek PM Kyriakos Mitsotakis. A number of contracts were signed involving the 'Vertical Corridor' and energy cooperation involving the '3+1 platform' between the US, Greece, Cyprus and Israel. Also Atlantic-See LNG Trade S.A., a joint venture of AKTOR and DEPA reached an agreement with the American company Venture Global for the supply of LNG and its distribution in Eastern Europe (link). Money Trail has the details on the four pillars of the US-Greco deal involving energy, shipping, ship building (video, link) and defense cooperation and geostrategic security.
Nov. 17, 2025 Money Trail: How the U.S. Just Gave GREECE Its Biggest Energy WIN.
In our reporting (link, link) we overlooked the importance in all of this for Greek shipping that is going to carry all that gas and LNG over the oceans. The historic but aging fleet of Greek oil tankers is going to be replaced by LNG carriers.
Just one day before P-TEC Greece signed a Farm-In Agreement with ExxonMobil, Energean and HelleniQ Upstream for the exploitation of Block 2 in the northwestern Ionian Sea, approximately 30 kilometers west of Corfu and adjacent to Italy’s EEZ (link).
Yesterday Nov. 16 Ukraine's Volodymyr Zelensky descended on Athens, closing the center of the city as well as a number of northern suburbs for the better part of the day and evening.
Accompanying him was Ukraine's Naftogaz's head, Sergii Koretskyi. The pair signed an agreement for the supply of natural gas to Ukraine from December 2025 to March 2026 (more) (video). Apparently the infrastructure (route 1) is already in place.
Some definitions
- What is the Vertical Corridor? (link)
- What is the 3+1 Framework? (link)|
- What is IMEC?
External reading on Navtemporiki
- Helleniq Energy on track to achieve the target of 1 billion euros in operating profits by the end of the year (link)
- Greece a hub for US LNG; DEPA Commercial and Naftogaz sign deal (link)
- Greek debt returns to pre-memorandum levels – 100 points lower than negative record (link)
BREAKING:
— Visegrád 24 (@visegrad24) November 16, 2025
Zelensky has arrived in Greece to sign an agreement to open a new energy corridor, buying U.S. gas through the LNG terminal in Alexandroupolis in Greece. It will be sent to Odesa through the Trans-Balkan Gas Pipeline.
The deal will help bolster Kyiv’s energy… pic.twitter.com/xAdPpIMVRg
Productive meeting with Foreign Minister @CKombos today to discuss our shared priorities as the Republic of Cyprus prepares to assume the 2026 EU Council Presidency. We also talked about Cyprus’ role in supporting regional security and opportunities for us to expand our energy… pic.twitter.com/bu0IUmVrwZ
— Secretary Marco Rubio (@SecRubio) November 17, 2025
Comments
Post a Comment