Argent LNG Secures Ukrainian Gas Supply Deal Amid Global Energy Shift

Argent LNG has signed an agreement to supply liquefied natural gas (LNG) to Ukraine's state-owned Naftogaz Group. The proposed Lafourche Parish export terminal plans to distribute up to 25 million metric tons of LNG annually, equal to the planned production capacity of Argent's facility at Port Fourchon.

The agreement marks the latest effort by Argent to secure overseas customers before construction begins. In addition to Ukraine, Argent has also secured supply agreements with Turkey and Bangladesh to serve European and Asian markets.

Argent plans to use prefabricated modular units to reduce construction time, an approach estimated to cut construction times by 30%. The project will begin as early as 2026, with first production anticipated by early 2030. Construction work on Phase 1 of the $20-billion export facility is expected to begin in 2026.

Naftogaz will function as a regional intermediary, routing Louisiana LNG shipped to European import terminals onto Ukraine's vast underground storage network for distribution to democratic allies in the region.