Venture Global will supply additional LNG from CP2 to German firm

Venture Global and SEFE Energy GmbH announced on Wednesday that they would supply 0.75 million additional tonnes of liquefied gas per year to the German distributor.

Venture Global announced that the LNG will be supplied by the Calcasieu Pass 2 project (CP2) for 20 years. This brings the total volume purchased of LNG by SEFE, short for Securing energy for Europe, to 3 mtpa.

The United States is the largest LNG exporter in the world. After President Donald Trump took office, he lifted the moratorium on new permits.

Venture Global's CP2 Project - with a 20 mtpa capacity and scheduled to deliver LNG in 2027 – will be the largest export facility for supercooled gas in the U.S.

The company will become Germany's biggest LNG supplier with 20-year offtake agreements totaling 5 mtpa with German companies SEFE, Energie Baden Wuerttemberg AG and Energie Baden Wuerttemberg AG. (Reporting from Katha Kalia, Bengaluru. Editing by Leroy Leo.)

(source: Reuters)