Argent LNG and Ukraine's Naftogaz Group have signed a memorandum of understanding covering long-term cooperation on US liquefied natural gas, LNG Industry reports.

The MoU sets out a framework for sustained engagement between the two companies on American LNG. Argent LNG is developing an export project in the United States, while Naftogaz Group is Ukraine's state-owned oil and gas company, operating production, transit and distribution assets.

For Naftogaz, a long-term arrangement with a US LNG developer would mark a further step in the company's effort to diversify its gas supply portfolio beyond pipeline imports. Ukraine has pursued LNG procurement from multiple suppliers since Russia's full-scale invasion in 2022 disrupted its energy markets.

For Argent LNG, the agreement represents a second potential international offtake relationship as it advances its export project. The company joins a growing list of US developers seeking long-term commitments from European buyers to underpin financing of new liquefaction capacity.

The memorandum is a preliminary, non-binding instrument. It signals commercial intent on both sides but does not itself constitute a sale-and-purchase agreement, a final investment decision, or a committed volume of LNG. No capacity figures, contract durations, pricing terms, or target start dates were disclosed in the announcement.

The deal fits the broader pattern of European energy companies signing framework agreements with US LNG developers in anticipation of future supply needs. Whether this MoU converts into firm offtake will depend on Argent LNG's progress toward project sanction and Naftogaz's evolving procurement strategy.

The watch items here are twofold: any move by Argent LNG toward a binding heads of agreement or SPA with Naftogaz, and the developer's milestone schedule toward FID on its US export project.