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Yamal LNG Deal Exit by SEFE

Sector: LNG • Location: Wilhelmshaven, Germany

Source: High North News

Project
Planned

The project involves the state-owned company SEFE GmbH in Germany exiting its long-term LNG contract with Russia's Yamal LNG project. The exit is enabled by the EU's 19th sanctions package against Russia, allowing SEFE to invoke force majeure to terminate the contract ahead of its original 2040 expiry date. SEFE is obligated to take around 2.9 million tonnes of LNG annually from Yamal LNG under th

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The project “Yamal LNG Deal Exit by SEFE” is an infrastructure initiative in the LNG sector, located in Wilhelmshaven, Germany. Taiyo aggregates data on it from High North News.

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Description

Description

The project involves the state-owned company SEFE GmbH in Germany exiting its long-term LNG contract with Russia's Yamal LNG project. The exit is enabled by the EU's 19th sanctions package against Russia, allowing SEFE to invoke force majeure to terminate the contract ahead of its original 2040 expiry date. SEFE is obligated to take around 2.9 million tonnes of LNG annually from Yamal LNG under the contract. The move is part of Germany's efforts to cease importing Russian LNG and replace it with alternative non-Russian sources.

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