Germany’s SEFE launches tender for LNG deliveries

According to SEFE, the tender is for DES (delivered ex-ship) LNG cargoes, primarily into north-west European terminals.

Contract durations will range from one to ten years.

SEFE said the tender is open to both LNG producers and portfolio players, with deliveries from successful counterparties set to start as early as 2027.

“With this LNG tender, we want to engage the market, aiming to mitigate supply disruptions in the Middle East and strengthen Europe’s security of supply, while complementing our recent long-term LNG deals, including that with Argentina,” Frederic Barnaud, SEFE’s CCO, said.

QatarEnergy recently announced that it expects the damage to its Ras Laffan complex caused by missile strikes to cost about $20 billion a year in lost revenue and to take up to five years to repair, impacting supply to markets in Europe and Asia.

The firm said that it will be compelled to declare force majeure for up to five years on some long-term LNG contracts.

Earlier this month, SEFE signed an eight-year LNG sales and purchase agreement with Argentina’s Southern Energy, owned by Pan American Energy, YPF, Pampa Energia, Harbour Energy, and Golar LNG.

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 SPA follows the heads of agreement concluded in Argentina last year and marks Argentina’s first long-term LNG export contract.