LNG

Securing Energy for Europe (SEFE) and Argentina’s Southern Energy have signed an 8-years sales and purchase agreement (SPA) for 2 mtpa of LNG, with deliveries starting in late 2027. The deal, totalling 16 mtpa over the contract term, marks Argentina’s first long-term LNG export contract.

Southern Energy Corp., the established producer with natural gas and light oil assets in the northern US Gulf Coast, has posted earnings for the first quarter affected by declining gas prices compared with last year.