SEFE Securing Energy for Europe and Argentina’s Southern Energy S.A. (SESA) have entered a Sales and Purchase Agreement for an eight-year LNG supply partnership. Under the agreement, SEFE will purchase two million tonnes per annum (mtpa) of LNG on a free on board (FOB) basis, with deliveries scheduled to begin in late 2027. The Sales and Purchase Agreement follows the Heads of Agreement concluded in Argentina last year and marks the country’s first long term LNG export contract.
Frederic Barnaud, CCO of SEFE, says: ‘Thanks to our shared determination and focus, we’ve moved from an Heads of Agreement to a fully-fledged Sales and Purchase Agreement in just over three months. This rapid progress shows that SESA is the right partner for us to expand our portfolio into South America and thereby strengthen Europe’s energy security. With deliveries starting already in 2027, we’re not only the first German energy company to offtake cargoes from Argentina, but also the country’s first long-term LNG customer globally.’
Rodolfo Freyre, Chairman of SESA, adds: ‘The agreement with SEFE is significant for two key reasons: on the one hand, it confirms Argentina’s positioning as a new and strategic international LNG supplier, contributing to the diversification of global supply sources; on the other hand, it represents a key contribution to strengthening Europe’s energy security. I would like to thank the SEFE team and all SESA partners, whose contribution was essential to achieving this milestone.’
