Germany Signs Long-Term U.S. LNG Deal To Replace Russian Gas

Sefe's CEO, Egbert Laege, announced that Germany has signed a long-term deal with the U.S. to replace Russian gas with LNG from Venture Global LNG.

Germany’s state-controlled firm Securing Energy for Europe (Sefe) has signed a 20-year deal with Venture Global LNG to import 2.25 million tons of LNG per year from Venture Global’s third project, CP2 LNG, as Europe’s biggest economy is looking to secure gas supply after Russia stopped deliveries.   

Sefe, wholly owned by the German govern...

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