Latest news with #SEFE


Al Etihad
20-07-2025
- Business
- Al Etihad
UAE tops GCC projects market in Q2 2025
20 July 2025 11:51 A. SREENIVASA REDDY (ABU DHABI) The UAE has emerged as the top-performing projects market in the GCC region during Q2 2025, overtaking Saudi Arabia as the region's leading destination for project awards, according to the latest Kamco Invest report. The UAE's share of total GCC contract awards surged to 49.2% in Q2 2025, up from 38.9% a year earlier, despite a regional downturn in project total value of project awards in the UAE reached $14 billion during Q2 2025. The country maintained its lead in the region, having already overtaken Saudi Arabia in Q1 2025. For the first half of 2025, total contract awards in the UAE amounted to $44.4 billion, down 12.1% year-on-year — a relatively modest decline compared to the broader regional contraction.'This notable shift reflects the successful implementation of wide-ranging structural reforms and carefully targeted investments aimed at accelerating the country's economic diversification agenda,' the Kamco Invest quarterly report sectors, the Gas Sector emerged as the most dominant, accounting for 37.6% of the UAE's total project awards during Q2 2025, with contracts valued at $5.3 billion. Although this marked a decline of $300 million compared to the same period last year, the Gas Sector retained the top spot, followed by the Construction Sector with $4.9 billion and the Transport Sector with $1.7 terms of growth, the Industrial Sector recorded a year-on-year increase of 35.8% in awarded contracts, while the Chemical Sector rebounded to $150 million in Q2 2025 from zero awards a year developments during the quarter included a $400 million, three-year contract awarded to ADNOC Gas to supply 0.7 million tonnes of LNG to Europe's SEFE (Securing Energy for Europe). ADNOC Gas also announced the final investment decision for the $5 billion Rich Gas Development Scheme. The first tranche, worth $2.8 billion, was awarded to UK-based Wood for the development of the Habshan facility, which is expected to generate $400 million in EPCm revenue for the contractor. The other two tranches, valued at $1.2 billion and $1.1 billion, were awarded to Petrofac for the Das Island liquefaction facility and Kent for the Asab and Bu Hasa facilities, respectively. Despite the UAE's gains, the overall GCC projects market saw a sharp 58% decline year-on-year in Q2 2025, falling to $28.4 billion—the lowest in 14 quarters. The decline was led by a 72.5% plunge in Saudi Arabia's project awards, which stood at $9.8 billion during the period. For the full first half, total GCC project awards dropped 38.9% to $86 billion, compared to $140.7 billion in H1 2024.
Yahoo
17-07-2025
- Business
- Yahoo
Venture Global (VG) Ends 2 Straight Gains. Here's Why
Venture Global, Inc. (NYSE:VG) is one of the . Venture Global dropped its share prices by 6.15 percent on Monday to end at $16.78 apiece as investors appeared to have taken profits following two straight days of gains buoyed by its recent LNG purchase agreement with a European firm. In a statement last week, Venture Global, Inc. (NYSE:VG) said it entered into an agreement with Securing Energy for Europe GmbH (SEFE), under which the latter's subsidiary, SEFE Energy GmbH, will secure an additional 0.75 million tons per annum (MTPA) of LNG from Venture Global, Inc.'s (NYSE:VG) CP2 LNG for a contract period of 20 years. The announcement amends the existing sales and purchase agreement signed by the companies in 2023, increasing the total volume of LNG purchased by SEFE from CP2 LNG to 3 MTPA. Venture Global, Inc. (NYSE:VG) is expected to become Germany's largest LNG supplier, with a combined 5 MTPA of 20-year offtake agreements signed with SEFE and EnBW. A technician installing a replacement part on a specialty vehicle, surrounded by a team of professionals. In addition to its existing long-term agreements, it also supplied Germany with almost 80 cargoes of LNG from its Calcasieu Pass and Plaquemines LNG facilities, which are capable of powering 8 million German homes for one year. While we acknowledge the potential of VG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.


Arabian Post
15-07-2025
- Business
- Arabian Post
ADNOC Gas Seals AED 1.5 Billion LNG Deal with SEFE
Abu Dhabi National Oil Company's subsidiary ADNOC Gas Plc has signed a three‑year agreement to deliver 0.7 million tonnes of liquefied natural gas to Germany's state‑owned SEFE Securing Energy for Europe. Valued at AED 1.5 billion, the contract begins this summer and sees LNG shipped from the Das Island facility. The arrangement builds upon a long‑term contract established last year between the two companies, offering SEFE greater flexibility to dispatch the volumes across multiple European markets. For ADNOC Gas, it underscores ambitions to broaden its global LNG footprint and strengthen ties with European partners. Das Island's liquefaction plant, with a 6 million tonnes per annum capacity and over 3,500 cargoes dispatched since 1977, remains a key strategic asset in ADNOC Gas's export network. ADVERTISEMENT The step aligns with SEFE's drive to diversify energy sources following the loss of the majority of its Russian gas imports in 2022. With an annual obligation of around 200 TWh across Germany, the UK and other markets, the company has pursued deals with Azerbaijan's SOCAR and US firms such as Venture Global. The new agreement also resonates with diplomatic frameworks like the UAE‑Germany Energy Security and Industry Accelerator, signed in 2022, and a 2024 joint declaration with Baden‑Württemberg, enhancing the energy security and transition agenda. Fatema Al Nuaimi, CEO of ADNOC Gas, stressed the deal's importance for bolstering Europe's supply security and underlined the company's evolution as a reliable global energy provider, signalling continued strategic progress. SEFE's Chief Commercial Officer Frédéric Barnaud noted that the medium‑term contract complements the prior long‑term deal with ADNOC, reinforcing their two‑decade‑long partnership and enhancing SEFE's flexible supply model amid market volatility. Analysts view the contract as mutually beneficial: for Europe, it secures diversified gas supplies beyond pipeline dependency; for ADNOC Gas, it consolidates its role in the global LNG market ahead of its Ruwais LNG project, which aims to double its export capacity by 2028. Europe's LNG demand remains structurally high as governments accelerate energy transition strategies and phase out coal and Russian pipeline imports. Germany has fast‑tracked floating regasification terminals to absorb increasing LNG volumes, aligning infrastructure with new supply agreements. With the first shipments slated for summer and SEFE retaining destination choice, market observers expect swift integration into Europe's gas supply chain. ADNOC Gas is concurrently investing in technology upgrades, including AI‑powered optimisation at Das Island, building on its reputation for operational efficiency. As Germany speeds its transition away from Russian energy, this contract signifies more than a commercial transaction: it marks a strategic pivot in global LNG trade, with the UAE emerging as an alternative anchor supplier to European markets.
Yahoo
14-07-2025
- Business
- Yahoo
Venture Global Expands LNG Partnership with Germany's SEFE
Venture Global Inc. (NYSE:VG) is one of the best low priced energy stocks to buy now. On July 10, Venture Global and Securing Energy for Europe/SEFE announced an expansion of their liquefied natural gas/LNG partnership. The new agreement involves SEFE's subsidiary, called SEFE Energy, purchasing an additional 0.75 million tonnes per annum/mtpa of LNG from Venture Global's CP2 LNG project for 20 years. The amendment builds upon an existing sales and purchase agreement/SPA signed in 2023, bringing SEFE's total LNG purchase from CP2 LNG to 3 mtpa. Venture Global is projected to become Germany's largest LNG supplier, having committed a combined total of 5 mtpa of LNG to German companies over 20-year offtake agreements, which include deals with SEFE and EnBW. A vast oil and gas rig silhouetted in the sunset, capturing the power of Swift Energy Company. In addition to these long-term agreements, Venture Global has already supplied Germany with nearly 80 cargoes of LNG from its Calcasieu Pass and Plaquemines LNG facilities, which is enough to power 8 million German homes for one year. The CP2 LNG facility, Venture Global's third project, will have a nameplate liquefaction capacity of 20 mtpa and will utilize single mixed refrigerant technology. Venture Global Inc. (NYSE:VG) develops, constructs, and produces natural gas liquefaction and export projects near the US Gulf Coast in Louisiana. add whatever While we acknowledge the potential of VG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Venture Global (VG) Rallied This Week Following New Sales Agreements
The share price of Venture Global, Inc. (NYSE:VG) surged by 17.94% between July 7 and July 11, 2025, putting it among the Energy Stocks that Gained the Most This Week. A closeup of the Rio Grande LNG terminal facility, showing its massive scale. Venture Global, Inc. (NYSE:VG) develops and constructs LNG export projects to provide clean, affordable energy to the world. The company is currently the second-largest LNG exporter in the United States. Venture Global, Inc. (NYSE:VG) shot up this week following a series of positive developments for the company. It was recently reported that the LNG producer has signed a multi-year sales and purchase agreement (SPA) with Petronas LNG, a subsidiary of Malaysia's state-owned oil and gas giant Petronas. According to the agreement, Petronas will purchase 1 million tonnes per annum (MTPA) of LNG from VG's third export facility, CP2 LNG, which is expected to begin deliveries in 2027. Moreover, Venture Global, Inc. (NYSE:VG) announced this week that it has finalized an agreement with Securing Energy for Europe GmbH (SEFE) to provide the latter with an additional 0.75 MTPA of LNG from CP2 LNG for 20 years. While we acknowledge the potential of VG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data