- What large companies make up Southern Energy
Southern Energy, the company made up of PAE, YPF, Pampa Energía, Harbor Energy and Golar LNG, has signed an eight-year agreement to construct the project. Selling 2 million tons of liquefied natural gas annually SEFE Securing Energy for Europe, an international company owned by the German Federal Government.
It will be a process The largest sale of liquefied natural gas from Argentina to the world In terms of size and duration it can reach a value higher than 7000 million US dollars During the term of the agreement.
The agreement indicates that the sale process to be carried out by Southern Energy (SESA) and SEFE Securing Energy for Europe will begin at the end of 2027, when Operation “Haili Ibisio”.the first of two liquefaction vessels to be installed by SESA in San Matías Bay, Río Negro Province.
It is possible that exports, which will depend on the development of global prices, will reach a value higher than 7000 million US dollars During the term of the agreement. According to the companies, it will generate a real source of foreign currency for Argentina and contribute to Europe’s energy security.
It represents the volume of liquefied natural gas expected in the framework agreement More than 80% of the production capacity of the port of “Haile Ibisio” (2.45 million tons per year of liquefied natural gas) and more than 30% of the combined production capacity of the two liquefaction ships (6 million tons per year of liquefied natural gas).
The implementation of the agreed upon terms will be completed through the final sales agreement between the two parties expected in the coming months.
The agreement was signed before Rodolfo Freire, Chairman of the Board of Directors of Southern Energy, and Frederic Barnouw, Chief Operating Officer of SEFE. They were also present Marcus BulgeroniCEO of PAE Group; Santiago Martinez TanueraExecutive Vice President of Gas and Power at YPF; Horacio TorreExecutive Vice President and Chief Exploration and Production Officer of Pampa Energía; Martin RuedaManaging Director of Harbor Energy in Argentina; and Federico PetersenChief Commercial Officer of Golar LNG.
Rodolfo Freire, President of Southern EnergyHe stated that “the agreement signed with SEFE will constitute The first large-scale sale of LNG from Argentina It represents a milestone for the future development of Vaca Muerta’s natural gas reserves.
Frédéric Barnot, Chief Operating Officer at SEFEHe said: ” The first LNG agreement between SEFE and a South American supplier It not only contributes to the geographical diversification of our portfolio, but also enhances energy security in Europe. We are pleased to accompany Argentina on its path to becoming a global LNG exporter. “This also provides SEFE with a valuable opportunity to continue its collaboration with the Hilli Episeyo team as it moves from Cameroon to Argentina.”
What large companies make up Southern Energy
Southern Energy (SESA) SESA is a company made up of PAE (30%), YPF (25%), Pampa Energía (20%), Harbor Energy (15%) and Golar LNG (10%), whose goal is to position Argentina as a new supplier in the global LNG market starting in 2027.
SESA confirmed investing more than $15 billion to export LNG over 20 years Commissioning of two liquefaction vessels to be installed in San Matías Bay, Rio Negro Province. Southern Energy expects to achieve exports of more than US$20 billion between the start of operations in 2027 and 2035.
SEFE is an international energy company whose activities cover the energy value chain, from construction and marketing to sales, transportation and storage. It has become one of the most important suppliers to industrial customers in Europe, with an annual turnover of 200 TWh of gas and power.
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