U.S. Argent LNG and Ukraine's Naftogaz Sign MOU for 25 Million Tonnes per Year LNG Production

en.Wedoany.com Reported - Argent LNG and Ukraine's state-owned energy company Naftogaz Group have signed a non-binding memorandum of understanding to explore cooperation on the long-term supply, transportation, and distribution of U.S. liquefied natural gas to Ukraine.

The MOU covers potential LNG sales from Argent LNG's planned 25 million tonnes per year export terminal at Port Fourchon, Louisiana. Terms include free-on-board (FOB) cargoes, delivered ex-ship (DES) supply to European regasification terminals, and distribution to Ukraine and neighboring markets via Naftogaz's underground gas storage network.

"Port Fourchon exists to put reliable U.S. supply behind allies who need it—not as one-off cargoes, but as a long-term infrastructure relationship that truly changes a nation's strategic position," said Jonathan Bass, CEO of Argent LNG.

The parties also plan to explore cooperation with U.S. government financing agencies and European energy security partners to align with the energy policy goals of the U.S. and its allies. Ukraine and other European countries are seeking alternatives to single-source and single-route natural gas supplies. Earlier this year, Argent LNG applied to the U.S. Department of Energy for authorization to export LNG to countries with and without free trade agreements with the U.S.