Latest news with #SEFE
Bloomberg
a day ago
- Business
- Bloomberg
Germany Holds Early Talks on How to Exit Energy Firm SEFE
Germany's economy ministry is studying options for how to exit nationalized energy company Securing Energy for Europe GmbH, people with knowledge of the matter said. Some officials have been holding early-stage deliberations as they evaluate a range of possible ways to exit SEFE, which could include a sale or breakup of the business, or a potential merger with fellow nationalized energy company Uniper SE, according to the people. The economy ministry department overseeing SEFE is tasked with drawing up a plan by mid-2025.
Yahoo
09-06-2025
- Business
- Yahoo
Germany's SEFE to enter 10-year gas deal with Azerbaijan's Socar
-- State-owned German trading company, SEFE, is set to announce a 10-year agreement to purchase gas from Socar, the state-owned company in Azerbaijan, according to a Bloomberg report on Monday. This agreement allows SEFE to procure up to 15 terawatt-hours of gas annually, equivalent to approximately 1.5 billion cubic meters per year. The report indicated that the gas is expected to be transported to Europe via the Trans Adriatic Pipeline (TAP). This pipeline traverses Northern Greece, Albania, and the Adriatic Sea before reaching the southern shores of Italy. SEFE, an acronym for Securing Energy for Europe, has been proactive in securing new supply contracts. The region has become more reliant on global supplies since the majority of its Russian pipeline gas was lost in 2022. Despite Norwegian production operating at nearly full capacity, Europe continues to require additional supplies while it awaits the commencement of more liquefied natural gas export facilities in the US. Related articles Germany's SEFE to enter 10-year gas deal with Azerbaijan's Socar Crude futures sink on Saudi push for OPEC+ supply hikes Trump's aluminium tariff rise threatens Indian industry, Vedanta warns Sign in to access your portfolio
Bloomberg
09-06-2025
- Business
- Bloomberg
Germany's SEFE to Announce 10-Year Deal For Gas From Azerbaijan
Germany's state-owned SEFE is expected to announce a 10-year deal to buy gas from Azerbaijan's state-owned Socar, according to people familiar with the matter. The agreement, which begins immediately, allows the German trading company to buy as much as 15 terawatt-hours of gas per year, the people said, speaking on condition of anonymity. That's equivalent to about 1.5 billion cubic meters per year. The gas is likely to reach Europe via the Trans Adriatic Pipeline, two of the people said. TAP, crosses Northern Greece, Albania and the Adriatic Sea before coming ashore in southern Italy.
Yahoo
26-03-2025
- Business
- Yahoo
Delfin Midstream and SEFE sign agreement for long-term supply of LNG
Delfin Midstream and SEFE Securing Energy for Europe have signed a heads of agreement for the long-term supply of 1.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG) for a minimum of 15 years. The LNG will be sourced from Delfin-deployed floating LNG (FLNG) vessels located 40 miles offshore near Cameron, Louisiana, on the US Gulf Coast. The free-on-board deliveries will begin immediately after the construction and commissioning of the FLNG vessels, ensuring SEFE can provide LNG supply security to its customers. Delfin CEO Dudley Poston said: 'We are very pleased to enter into this agreement with SEFE and continue to build on Delfin's position as a leading source of reliable low-cost energy from the safety of the United States. We look forward to continuing to advance our critical energy infrastructure project for the benefit of our US stakeholders and international commercial partners.' Delfin LNG is a brownfield deep-water port project that the developer claims will require only minimal additional infrastructure investment to accommodate FLNG vessels capable of producing up to 13.2mtpa of LNG. In 2015, Delfin submitted its application for a deep-water port licence and subsequently received a favourable Record of Decision from the Maritime Administration. Additionally, the company obtained the Deepwater Port Licence and secured approval from the Department of Energy (DOE) for long-term LNG exports to countries without free trade agreements with the US, allowing for exports of up to 13.2mtpa. SEFE CCO Frederic Barnaud said: 'This long-term agreement with Delfin enables SEFE to further diversify its LNG portfolio with greater destination flexibility. This in turn ensures the security of supply of SEFE's customers in Europe and around the world.' Earlier this month, the US DOE approved an extension to Delfin LNG's export permit, providing Delfin with more time to initiate exports from its planned offshore project in Louisiana. Delfin, which is majority-owned by Fairwood Peninsula, Talisman Global Alternative Master and Talisman Global Capital Master, expects to take a final investment decision (FID) later this year. It plans to commence construction of its offshore FLNG vessel following the FID. "Delfin Midstream and SEFE sign agreement for long-term supply of LNG" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Reuters
25-03-2025
- Business
- Reuters
Delfin LNG and German firm SEFE sign 15-year supply deal
HOUSTON, March 25 (Reuters) - Delfin LNG and German company Securing Energy For Europe (SEFE) have signed a 15-year agreement for 1.5 million tons of U.S. LNG per annum, the companies said on Tuesday. Under the agreement, liquefied natural gas would be exported from floating LNG (FLNG) vessels that Delfin wants to deploy off Cameron Parish, Louisiana, Delfin said in a press release. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. The free-on-board deliveries will commence immediately following the construction and commissioning of the FLNGs, Delfin said. It did not provide a timeline. The project does not yet have a final investment decision. "This long-term agreement with Delfin enables SEFE to further diversify its LNG portfolio with greater destination flexibility," said SEFE's chief commerical officer, Frederic Barnaud. SEFE also has LNG supply agreements with other U.S. producers including Venture Global LNG (VG.N), opens new tab. Last Friday, the U.S. Maritime Administration issued a license authorizing Delfin to build a deepwater port to export LNG from the United States. The company also has a license from the Department of Energy to export up to 13.2 MTPA of the superchilled gas to countries that do not have a free trade agreement with the United States. The U.S. is the world's largest exporter of LNG and has played a crucial role in providing Europe and Germany with the gas it needs to replace Russian gas following Russia's invasion of Ukraine.
