Venture Global and Securing Energy for Europe (SEFE) have expanded their partnership with a new purchase agreement for SEFE’s subsidiary, SEFE Energy.
The new agreement involves the purchase of an additional 0.75 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Venture Global’s CP2 LNG project for 20 years.
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This amendment to the existing sales and purchase agreement (SPA) signed in 2023 increases SEFE’s total LNG purchase from CP2 LNG to 3mtpa.
Venture Global is on track to become Germany’s largest LNG supplier, with a total of 5mtpa of LNG committed to German companies over 20-year offtake agreements, including those with SEFE and EnBW.
Venture Global CEO Mike Sabel stated: “Venture Global is thrilled to expand our strategic partnership with Germany and SEFE and play a leading role in ensuring security of energy supply and affordability for not only Germany but the rest of the European gas market.”
The CP2 LNG facility, with a nameplate liquefaction capacity of 20mtpa, will utilise single mixed refrigerant technology.
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By GlobalDataIt will feature 36 0.626mtpa liquefaction trains in 18 blocks and four 200,000m³ full containment LNG storage tanks.
The facility will also include two marine loading berths and an on-site combined cycle gas turbine power plant with a 1,440MW capacity.
The terminal will be located on a 1,150-acre site in Cameron Parish in the US state of Louisiana, and will be supplied by the CP Express pipeline originating from Jasper and Newton County, Texas.
In a related development, Venture Global has finalised a 20-year SPA with Petronas LNG, a subsidiary of Malaysia’s state-owned oil and gas company Petronas.
Petronas will acquire 1mtpa of LNG from Venture Global’s CP2 LNG export facility.
