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Home›Business Developments & Projects›Angolan LNG enriching SEFE’s energy mix
Business Developments & Projects

December 10, 2024 · about 1 year ago

Angolan LNG enriching SEFE’s energy mix

Germany’s Securing Energy for Europe (SEFE) has signed an agreement for the supply of liquefied natural gas (LNG) with Angola LNG, a joint venture (JV) between Chevron, Azule Energy – formed by BP and Eni – Sonangol, and TotalEnergies.

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Aerial view of a processing plant

Germany’s Securing Energy for Europe (SEFE) has signed an agreement for the supply of liquefied natural gas (LNG) with Angola LNG, a joint venture (JV) between Chevron, Azule Energy – formed by BP and Eni – Sonangol, and TotalEnergies.

The deal entails delivering 0.5 million tonnes of LNG, equivalent to eight cargoes, in 2026, which SEFE can then export to destinations of its choosing. The German player says it frequently procured LNG from the Angolan firm on the spot market over the past years as it appreciates the reliability of its deliveries.

Frederic Barnaud , SEFE’s Chief Commercial Officer (CCO), noted: “We are pleased to further strengthen the security of supply and expand our partnership with Angola LNG, a trusted and established supplier. A diversified and flexible portfolio is crucial for ensuring smooth deliveries of LNG in Germany and Europe. This mid-term 2026 delivery contract with Angola LNG perfectly complements our existing term and spot supply mix.”

Angola LNG operates the Angola Liquefied Natural Gas (ALNG) project, which comprises a processing facility situated 350 kilometers north of Luanda, at the mouth of the Congo River. Producing since 2013, the plant can process gas and deliver up to 5.2 million tons per annum (mtpa) of LNG to the global market via up to 80 cargoes per year using its seven-vessel fleet.

SEFE recently signed a sales and purchase agreement (SPA) with ADNOC for the supply of LNG from its Ruwais LNG project under development. The deal formalized the heads of agreement (HoA) the duo signed in March . According to ADNOC, the project will be one of the lowest-carbon-intensity LNG plants in the world once completed.

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