Deputy Minister of Foreign Affairs, Harry Theoharis, visited Kiev, where he led a business mission with the participation of leading Greek companies (GEK TERNA, VIOHALCO, DP Pumps), accompanied by the Special Envoy for Ukraine, Ambassador Mr. Lambridis.
The focus of the contacts was the strengthening of energy cooperation between Greece and Ukraine, with an emphasis on the restoration and modernization of critical energy infrastructure, as well as the implementation of new investment projects. During the meetings with Deputy Minister of Energy, Valentyna Moskalenko and his counterparts from the Ministry of Communities and Territories Development of Ukraine, Maryna Denisiuk and Serhii Derkach, Ukraine's strategic reconstruction priorities and priority investment projects were discussed, as well as the immediate needs of the energy system in view of the ongoing challenges, but also medium-term prospects for strengthening resilience.
The two sides agreed to intensive cooperation for the signing of an intergovernmental (G2G) agreement for the exchange of technical assistance and information for the implementation of major development projects (concessions, PPPs, etc.).
A significant development was the signing of non-disclosure agreements (NDAs) between Naftogaz and the companies TERNA S.A. and DP Pumps, paving the way for specific projects in the energy sector. These agreements are expected to be transformed into memoranda of understanding (MoUs) soon.
The visit follows the recent implementation of a liquefied natural gas (LNG) supply agreement via the Vertical Corridor, confirming Greece’s role as a reliable energy partner and regional hub for the security of supply of Ukraine and the wider region. At the same time, projects in the hydroelectric sector are being promoted, with an emphasis on investments in the Dniester River, including hydroelectric and pumped storage plants, strengthening the country’s long-term energy security. The Greek delegation also had contacts with the Kyiv Municipality and key urban infrastructure stakeholders, with the aim of developing collaborations in energy and urban resilience projects.
The visit confirms Greece’s practical support for Ukraine’s energy security and reconstruction, as well as the dynamic presence of Greek businesses in projects of strategic importance.
March 31, 2026