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52 min ago 2 min read
US-based Argent LNG will export liquefied natural gas from the state of Louisiana to Ukraine and other areas of Europe, according to a newly signed memorandum of understanding with Ukraine’s Naftogaz Group.
Argent plans to build an export terminal with a capacity of 25 million tonnes of LNG per year at Port Fourcon, Louisiana. The project is expected to become one of the world’s largest LNG export terminals, featuring 12 modular liquefaction trains.
According to Jonathan Bass, CEO of Argent LNG, the partnership aims to build a long-term relationship rather than one-off shipments. “We intend to move quickly and seriously toward concluding a definitive agreement.”
The companies are considering LNG purchases on a free-on-board basis at Port Fourchon or on a delivered ex ship basis with delivery to regasification terminals in Europe.
“The signing of this memorandum is an important part of Naftogaz’s strategy to diversify natural gas supplies and strengthen the country’s energy security,” said Sergii Koretskyi, Chairman of the Board of NJSC Naftogaz.
On June 10, Naftogaz announced it had secured regasification capacity at the Klaipėda LNG terminal for the 2033 to 2044 period, allowing the company to import LNG directly with guaranteed access to Lithuania’s regasification infrastructure.
The country lacks an LNG import terminal mainly due to the severe vulnerability of its Black Sea coast to Russian naval blockades and missile strikes.
In 2025, Naftogaz imported 5.7 billion cubic metres of natural gas, financed through the Ukrainian state budget and support from international partners.
Up until 2015, Ukraine imported most of its LNG directly from Russia and Turmenistan. From 2015 onward, Ukraine stopped direct purchases from Russia and relied on physical and virtual reverse flows from countries such as Poland, Slovakia, and Hungary.
This gas was a mix of European pipeline gas and global LNG imports (largely from the US and Qatar) that entered the broader European grid.
Earlier this year, Naftogaz announced it would receive for the first time, through the terminal on the island of Rugen in the Baltic Sea.
