VG Strengthens German LNG Market Presence With Expanded SEFE Deal

Core Insights - Venture Global Inc. has signed an expanded LNG offtake agreement with SEFE Energy for an additional 0.75 million tons per annum (mtpa) from its CP2 LNG project, increasing total purchases to 3 mtpa over a 20-year contract [1][2][9] - The company has long-term agreements with SEFE Energy and EnBW, totaling 5 mtpa, and has delivered nearly 80 LNG cargoes to Germany, sufficient to power approximately 8 million households annually [3][9] - The CP2 LNG facility, currently under development, is expected to have a capacity of 20 mtpa and commence exports by Q3 2027, playing a crucial role in global energy security [5] Strengthening Energy Security - The new contract enhances Venture Global's partnership with SEFE Energy, contributing to Germany's energy security and supporting the European gas market with a reliable energy supply [4] Project Overview - The CP2 LNG facility is located near the Calcasieu Pass LNG facility and is designed to have 36 liquefaction trains, reinforcing Venture Global's position in the LNG market [5]