March 04, 2026 [Storage Terminals Magazine]- SEFE Securing Energy for Europe and Argentina’s Southern Energy S.A. have entered into a Sales and Purchase Agreement for an eight-year LNG supply partnership. Under the agreement, SEFE will purchase two million tonnes per annum of LNG on a free on board basis, with deliveries scheduled to begin in late 2027. The Sales and Purchase Agreement follows the Heads of Agreement concluded in Argentina the previous year and marks the country’s first long-term LNG export contract.
Under the new agreement, SEFE will deliver approximately five million tonnes of LNG over the next decade, strengthening Türkiye’s long-term energy security while extending SEFE’s global LNG market reach. The LNG will be delivered from SEFE’s growing global LNG portfolio, which includes a stable foundation of long-term US LNG volumes.
Frédéric Barnaud, CCO of SEFE, noted that through shared determination and focus, the two companies moved from a Heads of Agreement to a fully-fledged Sales and Purchase Agreement in just over three months. He stated that this rapid progress demonstrates that SESA is the right partner for SEFE to expand its portfolio into South America and thereby strengthen Europe’s energy security. Barnaud added that with deliveries starting in 2027, SEFE becomes not only the first German energy company to offtake cargoes from Argentina, but also the country’s first long-term LNG customer globally.
Rodolfo Freyre, chairman of SESA, described the agreement with SEFE as significant for two key reasons. He explained that it confirms Argentina’s positioning as a new and strategic international LNG supplier, contributing to the diversification of global supply sources, while also representing a key contribution to strengthening Europe’s energy security. Freyre extended his thanks to the SEFE team and all SESA partners, whose contribution he described as essential to achieving the milestone.
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