EUR/USD likely to find a peak near 1.25: UBS
ARLINGTON, Va. - Venture Global, Inc. (NYSE:VG), a $38.1 billion market cap LNG company with $2.7 billion in EBITDA, and Securing Energy for Europe GmbH (SEFE) have expanded their existing liquefied natural gas (LNG) agreement, with SEFE purchasing an additional 0.75 million tonnes per annum (MTPA) of LNG from Venture Global’s CP2 LNG project.
The amendment to the 2023 Sales and Purchase Agreement increases SEFE’s total volume from CP2 LNG to 3.0 MTPA under a 20-year contract, according to a company press release.
Venture Global is positioned to become Germany’s largest LNG supplier with a combined 5 MTPA of 20-year offtake agreements signed with SEFE and EnBW. The company has already supplied Germany with approximately 80 LNG cargoes from its Calcasieu Pass and Plaquemines LNG facilities.
"Venture Global is thrilled to expand our strategic partnership with Germany and SEFE," said Mike Sabel, CEO of Venture Global.
SEFE, a German state-owned energy company, is among several international customers for the CP2 project. Approximately 11.5 MTPA of CP2 Phase One has been sold to date, bringing Venture Global’s total contracted capacity across all projects to 41.5 MTPA.
Venture Global’s first facility, Calcasieu Pass, began producing LNG in January 2022 and achieved commercial operations in April 2025. The company’s second facility, Plaquemines LNG, started LNG production in December 2024.
SEFE, headquartered in Berlin, employs over 1,500 people and focuses on trading, portfolio management, sales, storage, and pipeline infrastructure, primarily serving industrial customers and municipal utilities in Germany.
In other recent news, Venture Global reported significant export volumes and fees for the second quarter of 2025. The company exported 38 cargos from its Calcasieu Pass facility and 51 cargos from its Plaquemines LNG facility, with liquefaction fees of $2.66 and $7.09 per million British thermal units, respectively. Venture Global also announced a new 20-year Sales and Purchase Agreement with PETRONAS LNG Ltd., which will see PETRONAS purchasing 1 million tonnes per annum from the company’s CP2 LNG facility. This agreement expands their existing partnership and brings total sales from CP2 Phase One to approximately 10.75 million tonnes per annum. Additionally, Moody’s upgraded Venture Global Calcasieu Pass’s senior secured notes to Ba1, highlighting the company’s completion of corrective work and commercial operability under existing agreements. Mizuho raised its price target for Venture Global to $17.00, citing fundamental improvements and a more measured growth approach. The company is focusing on brownfield expansions, particularly at the Plaquemines facility, before proceeding with other projects. These developments underscore Venture Global’s ongoing efforts to expand its LNG capacity and strengthen its financial position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.