Safe signs long-term sales and purchase agreement with Venture Global LNG
22.06.2023
SEFE Securing Energy for Europe (SEFE) and Venture Global LNG, animportant provider of LNG from the U.S., signed a long-term LNG sales andpurchase agreement. Under the agreement, SEFE will purchase 3 bcm of LNG per year from Venture Global’s CP2 LNG facility in Louisiana, U.S. for 20 years additionally to existing collaboration. This accounts for approximately 30 cargoes per year.
“Venture Global is thrilled to begin a strategic partnership with SEFE, makingour company the largest long-term LNG supplier to Germany,” said MikeSabel, CEO of Venture Global LNG. “SEFE is playing a leading role in ensuringsecurity of energy supply for not only Germany but the rest of the Europeangas market. Germany has acted decisively to diversify its energy portfolio,and LNG will be a vital part of that mix as it seeks to strengthen its energysecurity while at the same time advancing environmental progress. We arehonored to support a key U.S. ally in each of these efforts.”
“By joining forces with Venture Global LNG, SEFE makes another importantstep on our mission to secure energy for German and European customersand meet the energy demand of the region. In delivering a substantial amount of the contracted capacity of CP2 LNG to European customers, wecontribute to the further diversification and sustainability of the Europeanenergy supply,” said Egbert Laege, CEO of SEFE.
About SEFE
SEFE, an international energy company, ensures the security of supply and drives the decarbonisation of its customers. SEFE’s activities span the energy value chain, from origination and trading to sales, transport and storage. Through its decades-long expertise in trading and the development of its LNG business, SEFE has become one of the most important suppliers to industrial customers in Europe, with an annual sales volume of 200 TWh of gas and power. Its 50,000 customers range from small businesses to municipalities and multinational organisations. By investing in clean energies and especially in the hydrogen ecosystem, SEFE is contributing to the energy transition. The company employs around 2,000 people globally and is owned by the Federal Government of Germany.
