Motor Oil Hellas and Aktor Group have formalized an expanded strategic partnership that extends beyond their previously announced plans for a second floating storage and regasification unit (FSRU) in Greece.
The agreement, confirmed by executives Yiannis Vardinogiannis and Alexandros Exarchou, now encompasses broader collaboration in liquefied natural gas (LNG) infrastructure and the circular economy.
This development marks a significant deepening of ties between the two major Greek industrial players, moving from specific project discussions to a multi-sector alliance.
The expansion of the partnership reinforces the strategic importance of LNG infrastructure in Greece’s energy transition.
By integrating circular economy initiatives, the companies are positioning themselves to capture value across the entire energy lifecycle, from gas importation and distribution to waste-to-energy and recycling solutions.
This holistic approach aligns with broader European regulatory pressures and market demands for sustainable energy operations.
The deal suggests a long-term commitment to scaling up Greece’s LNG capacity, which is critical for the country’s energy security and its role as a regional energy hub.