- SEFE becomes Argentina’s first long-term LNG offtake partner
  - Eight-year agreement to supply SEFE with two mtpa from 2027
  - Volumes represent one third of Southern Energy’s projected annual LNG output

SEFE Securing Energy for Europe and Argentina’s Southern Energy S.A. (SESA) have entered a Sales and Purchase Agreement for an eight-year LNG supply partnership. Under the agreement, SEFE will purchase two million tonnes per annum (mtpa) of LNG on a free on board (FOB) basis, with deliveries scheduled to begin in late 2027. The Sales and Purchase Agreement follows the Heads of Agreement concluded in Argentina last year and marks the country’s first long-term LNG export contract.

Frédéric Barnaud, CCO of SEFE, said: “Thanks to our shared determination and focus, we’ve moved from an Heads of Agreement to a fully-fledged Sales and Purchase Agreement in just over three months. This rapid progress shows that SESA is the right partner for us to expand our portfolio into South America and thereby strengthen Europe’s energy security. With deliveries starting already in 2027, we’re not only the first German energy company to offtake cargoes from Argentina, but also the country’s first long-term LNG customer globally.”

Rodolfo Freyre, Chairman of SESA, added: “The agreement with SEFE is significant for two key reasons: on the one hand, it confirms Argentina’s positioning as a new and strategic international LNG supplier, contributing to the diversification of global supply sources; on the other hand, it represents a key contribution to strengthening Europe’s energy security. I would like to thank the SEFE team and all SESA partners, whose contribution was essential to achieving this milestone.”

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.