German Firm Seeks U.S. Watchdog Approval for LNG Project ...Middle East

A German state-owned company has requested from the U.S. Federal Energy Regulatory Commission approval for the construction of Venture Global’s CP2 LNG project. The entity, called SEFE, or Securing Energy for Europe, comprises the assets previously owned by Gazprom’s German subsidiary. The company was nationalized last year and earlier this year inked a 20-year supply deal with Venture Global for 2.25 million tons of LNG annually. To get the gas, however, SEFE first needs to ensure the CP2 LNG facility gets built. "SEFE's long-term…

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