Venture Global expands LNG supply deal with Germany’s SEFE

Venture Global expands LNG supply deal with Germany’s SEFE to 3 MTPA from CP2 project. A rendition of CP2 is seen here. (Image: Venture Global)

Venture Global LNG and Securing Energy for Europe GmbH (SEFE) have finalized an expanded long-term supply agreement that will see SEFE Energy GmbH purchase an additional 0.75 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s upcoming CP2 LNG project. The amendment increases SEFE’s total offtake from CP2 LNG to 3.0 MTPA under a 20-year contract.

The announcement solidifies Venture Global’s role as Germany’s largest LNG supplier, with a combined 5 MTPA contracted through long-term agreements with SEFE and EnBW. Venture Global has already delivered nearly 80 LNG cargoes to Germany from its operational Calcasieu Pass and Plaquemines LNG terminals—enough to supply energy for roughly 8 million German homes for one year.

“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,” said Mike Sabel, CEO of Venture Global.

The CP2 LNG project, located in Cameron Parish, Louisiana, is Venture Global’s third LNG export facility. The project is planned to include 18 liquefaction blocks with a total nameplate capacity of 20 MTPA. The facility will be built adjacent to the company’s existing Calcasieu Pass terminal and will leverage modular construction and similar design elements to accelerate timelines and cost efficiencies. A related venture, CP Express, is planned to provide pipeline infrastructure for natural gas delivery to the site.

To date, Venture Global has sold approximately 11.5 MTPA of capacity from CP2 Phase One, contributing to a total of 41.5 MTPA contracted across its project portfolio. The company is developing more than 100 MTPA of nameplate LNG production capacity and has integrated carbon capture and sequestration (CCS) into the development plans for each of its facilities.

SEFE, a state-owned enterprise headquartered in Berlin, is a key player in Germany’s energy infrastructure, focusing on trading, storage, and pipeline assets. The company supplies industrial customers and municipal utilities across Germany and plays a strategic role in maintaining European energy stability following the decline of Russian pipeline imports.

With customers for CP2 LNG spanning Europe and Asia, the project is seen as a critical component of global energy security and supply diversification. Final investment decision (FID) for CP2 LNG is expected once regulatory approvals are completed and remaining commercial milestones are achieved.