Latest news with #SEFE
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.
Bloomberg
18-03-2025
- Business
- Bloomberg
Vitol Hires SEFE Metals Head de Sousa to Boost Copper Team
Vitol Group has hired the head of base metals trading at German state-owned energy firm SEFE to join its copper team as the energy trading giant continues efforts to expand into the metals business. Adrien de Sousa, who started a base metals trading desk at Securing Energy for Europe GmbH in Singapore six months ago, will join Vitol later this year and report to head of copper Bruno Porto, according to people familiar with the move, who asked not to be identified because the matter is private. De Sousa will be in charge of refined copper trading, one of the people said.
CairoScene
06-02-2025
- Business
- CairoScene
Saudi Arabia to Export 200,000 Tons of Green Hydrogen to Germany
The deal aligns with Germany's strategy, which estimates a need for 45–90 TWh of hydrogen imports by 2030. Feb 06, 2025 Germany's state-owned energy company, SEFE, signed a memorandum of understanding with Saudi Arabia's ACWA Power. The agreement will see 200,000 tons of hydrogen, in the form of ammonia, exported annually from Saudi Arabia to Europe starting in 2030. The hydrogen will be produced using wind and solar power, with an estimated energy content of 6.7 terawatt-hours. This aligns with Germany's hydrogen strategy, which projects the need for 45 to 90 terawatt-hours of hydrogen imports by 2030. The fuel is expected to play a crucial role in Germany's efforts to decarbonise its industry, particularly in steel production, and as a backup for intermittent renewable energy sources such as wind and solar power. ACWA Power, a major developer of renewable energy projects headquartered in Saudi Arabia, aims to position itself as a leading producer of green hydrogen and ammonia. SEFE, which will serve as a co-investor and primary off-taker, will market the hydrogen to European customers. The agreement was formalised in Riyadh in the presence of Saudi Energy Minister Prince Abdulaziz bin Salman and German Finance Minister Jörg Kukies. SEFE has also secured agreements with Brazil's Elektrobras for an additional 200,000 tons of hydrogen per year starting in 2030, as well as a long-term deal with Norway's Equinor for low-carbon hydrogen supply between 2029 and 2060.
Russia Today
28-01-2025
- Business
- Russia Today
Germany ramps up Russian LNG imports via EU ports
Germany has boosted purchases of Russian liquefied natural gas (LNG) via other EU countries, despite having previously halted direct shipments of the fuel, according to a new report. The analysis, jointly released by Belgian, German, and Ukrainian NGOs on Tuesday, claims that German state-owned energy company SEFE acquired 58 shipments of Russian LNG via the French port of Dunkirk in 2024, totaling 4.1 million tons – more than six times the volume imported the previous year. Estimates suggest that between 3% and 9.2% of Germany's gas supply continues to originate from Russia, although routed through other EU countries. SEFE, a former subsidiary of Russia's Gazprom, previously known as Gazprom Germania, has a long-term contract on LNG supplies from Russia's Yamal export facility. Under the contract, SEFE has reportedly directed almost all of its cargoes to an import facility in France, where the LNG is re-gasified and fed into the interconnected European gas pipeline system. In November, Germany instructed its state-operated import terminals to reject Russian LNG cargoes entirely. READ MORE: Germany bans Russian gas from ports – FT 'Germany has banned the import of Russian LNG at its ports, but imports officially sourced from France and Belgium actually include Russian LNG, effectively whitewashing the gas,' claimed Angelos Koutsis, energy policy officer at the Belgian think tank Bond Beter Leefmilieu, which co-authored the report. 'The result is that all countries involved can claim they are not responsible for the growing demand for Russian LNG,' he argued. Energy ministers from Belgium, France, and Spain – countries whose ports receive Russian LNG shipments – have argued that most of the gas is not consumed domestically but instead piped to other EU nations, according to the Financial Times. The lack of transparency within the EU's internal gas market has led to 'finger-pointing among member states,' the report stated, noting the difficulty of tracing the precise volume of Russian LNG in the system. The report claimed that overall EU imports of Russian LNG reached record levels in 2024, jumping by more than 19% in annual terms. Germany benefited from cheap Russian energy for over two decades. Before the escalation of the Ukraine conflict in 2022, the EU's top economy relied on Russia for 40% of its gas imports and was among the hardest hit in the bloc by the supply reductions. While imports of pipeline gas from Russia have mostly been halted amid restrictions related to the Ukraine conflict and the sabotage of the Nord Stream pipelines, EU countries have continued to buy record volumes of LNG from the sanctioned country. READ MORE: Russia-West reset inevitable – senior Polish MP In June, Brussels targeted imports of the super-chilled fuel for the first time, banning re-loading operations, ship-to-ship transfers, and ship-to-shore transfers with the purpose of re-exporting to third countries via the EU. The sanctions have a nine-month transition period.
