SEFE Securing Energy for Europe has formed a long-term natural gas agreement with ConocoPhillips, marking a significant step in their collaboration. The initial gas deliveries have already been completed successfully. Over the next decade, ConocoPhillips is set to supply SEFE with up to nine billion cubic meters of natural gas from its European portfolio, which includes Norwegian production and LNG imports. This agreement is pivotal for SEFE, whose European customer base demands approximately 20 billion cubic meters of natural gas annually.

The partnership effectively addresses the supply and demand needs of both companies, creating a strategic alignment. Frederic Barnaud, SEFE's Chief Commercial Officer, highlighted the importance of this long-term collaboration in diversifying their natural gas portfolio. He stated, “The long-term partnership between SEFE and ConocoPhillips is an important milestone in pursuing our ambition to diversify our natural gas portfolio.”

This agreement not only reinforces SEFE’s commitment to ensuring energy security in Europe but also enhances ConocoPhillips' position in the European market. With a robust and expanding supply portfolio, ConocoPhillips is well-equipped to meet SEFE's requirements and contribute to the broader energy landscape in Europe.

Overall, this partnership is a critical development in securing reliable natural gas supplies, further supporting the region’s energy needs while promoting stability in energy markets. The collaboration reflects the strategic interests of both parties, ensuring that SEFE can meet the growing demand for natural gas across Europe while benefiting from ConocoPhillips' extensive supply capabilities. This agreement is expected to strengthen their positions in the energy sector and support a more resilient and diversified energy supply for the continent.

SEFE is an international energy company dedicated to ensuring supply security and advancing the decarbonization initiatives of its customers. Its comprehensive operations encompass the entire energy value chain, including origination, trading, sales, transportation, and storage. With decades of expertise in energy trading and a strong focus on developing its LNG business, SEFE has positioned itself as one of the most significant suppliers to industrial customers throughout Europe, boasting an impressive annual sales volume of 200 TWh of gas and power.

SEFE's customer base is diverse, serving around 50,000 clients, which range from small businesses to municipalities and multinational corporations. This extensive reach underscores SEFE's commitment to meeting the energy needs of various sectors while promoting sustainable practices. The company is actively investing in clean energy technologies, particularly within the hydrogen ecosystem, which plays a crucial role in facilitating the energy transition.  With a global workforce of approximately 2,000 employees, SEFE is committed to fostering innovation and sustainability within the energy sector.