They agreed on the first export of Argentine liquefied natural gas to Germany

Southern Energy has signed an agreement with a German state company to export 2 million tons per year for 8 years from the end of 2027

01/12/2025 – 1:35 pm

Southern Energy, made up of PAE, YPF, Pampa Energía, Harbor Energy and Golar LNG. SEFE Securing Energy for Europe, owned by the German federal governmentsigned a framework agreement for the sale 2 million tons of liquefied natural gas annually for 8 years. This operation will be the largest sale of liquefied natural gas from Argentina to the world in terms of volume and duration.

Southern Energy (SESA) and European energy insurer SEFE have signed an agreement A framework agreement for liquefied natural gas exports by the end of 2027when “Hilli Episeyo” becomes operational, the first of two liquefaction vessels will be installed by SESA in San Matias Bay, Río Negro Province.

The value of exports, which will depend on the development of global prices, could reach more than $7,000 million during the validity of the agreement.Generating a real source of foreign exchange for Argentina and contributing 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.

SEFE’s activities span the energy value chain, from origin and marketing to sales, transportation and storage. Thanks to his decades of experience in Trade and develop your LNG businessThe company is one of the largest suppliers to industrial customers in Europe, with an annual turnover of 200 TWh of gas and power.

A historic agreement to export liquefied natural gas

The agreement was signed before Rodolfo Freire, Chairman of the Board of Directors of Southern Energy, and Frederic Barnouw, Chief Operating Officer of SEFE. Also in attendance were Marcos Bulgeroni, CEO of PAE Group; Santiago Martinez Tanuera, Executive Vice President, Gas and Power, YPF; Horacio Torre, Executive Vice President and Chief Exploration and Production Officer, Pampa Energía; Martin Rueda, General Manager of Harbor Energy in Argentina; and Federico Petersen, Chief Commercial Officer of Golar LNG.

Rodolfo Freire, President of Southern Energy, stated:The agreement signed with SEFE will constitute the first large-scale sale of LNG from Argentina and represents a milestone for the future development of Vaca Muerta’s natural gas reserves.. “We are proud to take this first step into the global LNG market with an internationally recognized player like SEFE.”

“SEFE’s first LNG agreement with a South American supplier not only contributes to the geographical diversification of our portfolio, but also Strengthening 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.

SESA is a company composed 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. This union confirmed a Investing more than $15,000 million to export LNG During 20 years of operation two liquefaction vessels will be installed in San Matías Bay, Río Negro Province.

Southern Power plans to achieve Exports of more than US$20,000 million between the start of operations in 2027 and 2035. The SESA project will create 1,900 direct and indirect jobs, mostly of local origin, during the construction phase, and will have high involvement of local suppliers during the project’s operation.