Venture Global and SEFE Expand LNG Partnership, Strengthening Germany’s Long-Term Energy Security
Venture Global LNG, Inc. (NYSE: VG), a prominent U.S.-based liquefied natural gas (LNG) producer, has announced the successful expansion of its strategic partnership with Germany’s state-owned energy firm, Securing Energy for Europe GmbH (SEFE). Under the terms of the amended agreement, SEFE’s subsidiary, SEFE Energy GmbH, will procure an additional 0.75 million tonnes per annum (MTPA) of LNG from Venture Global’s CP2 LNG terminal for a 20-year term. This new arrangement increases SEFE’s total long-term commitment from CP2 LNG to 3.0 MTPA.
The revised deal, building upon the original Sales and Purchase Agreement (SPA) signed by the two companies in 2023, reflects growing cooperation between the U.S. and Germany in efforts to ensure secure, stable, and affordable energy supplies amid an evolving global energy landscape.
This expanded partnership further cements Venture Global’s position as a critical energy supplier to Germany, with the company now contracted to deliver a combined 5.0 MTPA of LNG to German buyers SEFE and EnBW through multi-decade agreements. Once deliveries are fully underway, Venture Global is set to become Germany’s largest LNG supplier, a major milestone not only for the company but also for Germany’s ongoing efforts to diversify and decarbonize its energy mix following the phaseout of Russian gas imports.
A Foundation of Growing Cooperation
Germany has emerged as one of the most active participants in the global LNG market since 2022, driven by its urgent need to replace pipeline gas imports disrupted by geopolitical events. SEFE, which is wholly owned by the German government, plays a pivotal role in that transformation, acting as a bridge between suppliers like Venture Global and German utilities, industry, and municipal customers.
“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. “This expansion underscores our long-term commitment to providing reliable, clean U.S. natural gas to our European allies and partners.”
Since commencing exports, Venture Global has already delivered approximately 80 cargoes of LNG to Germany from its operational terminals at Calcasieu Pass and Plaquemines LNG. According to the company, this is equivalent to powering approximately 8 million German homes for a full year—an indication of the significant role LNG plays in the nation’s energy resilience strategy.
CP2 LNG: A Strategic Asset
Venture Global’s CP2 LNG terminal, the source of the newly expanded SEFE agreement, is the company’s third major export project, following Calcasieu Pass and Plaquemines LNG. CP2 is being developed adjacent to Calcasieu Pass in Cameron Parish, Louisiana, and represents the next phase of Venture Global’s rapid scale-up in LNG export capacity. Once operational, the CP2 facility is expected to become a critical hub for meeting surging global demand for clean, flexible, and secure natural gas supplies.
The CP2 project is strategically designed to support long-term energy transition goals while addressing short-term security-of-supply needs. By combining modular construction techniques and advanced process technologies, Venture Global aims to deliver low-cost, efficient LNG export infrastructure at scale and on an expedited timeline.
To date, approximately 11.5 MTPA of capacity from CP2 Phase One has been contracted with buyers from across the globe, including both legacy European importers and new customers in Asia and beyond. The deal with SEFE adds to this growing list of international commitments, further validating the commercial viability and strategic importance of the project.
With this agreement, Venture Global’s total contracted LNG volume across all projects has now reached 41.5 MTPA—positioning the company as one of the largest long-term exporters of LNG in North America.
Germany’s Energy Pivot and the Role of LNG
Germany has made a strong policy pivot in recent years, emphasizing the need for diversification of energy supply to enhance national and European energy security. Following the significant reduction in pipeline gas imports from Russia, LNG has emerged as a cornerstone of the country’s revised strategy.
To accommodate increased LNG imports, Germany has rapidly developed and commissioned multiple floating storage and regasification units (FSRUs), with more infrastructure underway. SEFE, alongside other public and private stakeholders, has been actively involved in these efforts, ensuring that long-term LNG supply deals like the one with Venture Global are matched with the appropriate infrastructure on the ground.
Long-term contracts such as the 20-year deal with Venture Global provide Germany with pricing stability, supply reliability, and the ability to maintain a buffer against market volatility—challenges that have plagued the European energy sector in recent years.
Furthermore, LNG serves as a key bridging fuel for Germany as it continues to ramp up investments in renewable energy and hydrogen. By sourcing LNG from U.S. terminals with relatively lower greenhouse gas emissions compared to global averages, Germany also seeks to align short-term security needs with its long-term decarbonization targets.
SEFE’s Expanding Global Portfolio
SEFE has been actively expanding its portfolio of global energy supply contracts to ensure energy security for Germany and Europe at large. The company’s engagement with Venture Global is a clear example of this strategy in action.
As one of Europe’s largest gas importers and traders, SEFE operates a diversified portfolio that includes pipeline gas, LNG, renewable energy products, and trading services. The company’s access to secure LNG supply from the U.S.—one of the world’s most stable and geopolitically insulated producers—provides a hedge against market instability and reinforces its leadership in the energy transition.
“Through this expanded agreement, we are strengthening the backbone of Germany’s and Europe’s energy supply system,” said a SEFE spokesperson. “Venture Global’s reliability and performance record make them an essential partner as we continue to build a resilient and diversified energy network.”
LNG’s Broader Role in European Energy
Beyond Germany, Venture Global’s CP2 project has secured commitments from numerous world-class LNG buyers across Europe, Asia, and other key regions. This highlights the strategic nature of U.S. LNG in the broader global energy ecosystem.
The expanding list of offtake agreements also reinforces the notion that long-term LNG contracts remain vital to global energy security, even as markets increasingly focus on renewables and carbon-neutral fuels. For many economies, particularly in Europe, LNG remains a practical and cleaner alternative to coal and oil, especially when sourced from regions with stringent environmental standards.
Venture Global’s modular approach and focus on technological innovation have also enabled it to move faster than many competitors in terms of bringing new capacity online—another attractive feature for buyers seeking near-term supply in a tight market.
