Overview
- SESA and SEFE signed a binding sales and purchase agreement in Berlin for 2 million tonnes per year of LNG over eight years, converting a December heads of agreement into a final contract.
- Initial deliveries will come from the Hilli Episeyo FLNG unit beginning in late 2027, covering more than 80% of that vessel’s 2.45 mtpa capacity and over 30% of the planned two-ship 6 mtpa output.
- The joint venture has taken investment decisions on the Hilli Episeyo and the Mark II FLNG, targeting offshore operations in Río Negro with total spending above $15 billion across two decades.
- Sector and company figures indicate the SEFE contract could generate more than $7 billion, with SESA projecting over $20 billion in exports through 2035 and about 1,900 jobs during construction.
- SEFE, a German state-owned energy supplier, calls the agreement a contribution to Europe’s energy security and says it expects to be the first German company to receive LNG cargoes from Argentina.