Viewpoint: Germany Leans on US For More LNG

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Could Germany’s latest long-term deal for US LNG signal a change in the supply strategy at Europe’s largest gas importer? German state-owned trader SEFE Securing Energy for Europe signed a 20-year, 2.25 million ton per year deal with US exporter Venture Global to offtake volumes from its CP2 project starting in 2027. The deal was signed despite a general reluctance from European buyers to clinch long-term supply beyond the 10–15-year time period being requested by global LNG suppliers to underpin their upstream projects.

LNG Supply, LNG Projects, LNG Contracts, LNG Demand, LNG Trade, LNG Prices, Ukraine Crisis
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