Germany has formalized a historic agreement to acquire 2 million tons of liquefied natural gas (LNG) annually from Argentina, with a scheduled start at the end of 2027. This pact, signed between the state-owned company Securing Energy for Europe and the consortium Southern Energy S.A., represents the first long-term contract of its kind with a South American supplier, according to reports from media outlets such as Deutsche Welle.
The committed gas volume could reach 9 million cubic meters per day, generating revenues exceeding $7 billion depending on international market conditions. Economist Carl Moses described the agreement as a “historic milestone,” highlighting the confidence in Argentina’s export capacity.
The export will take place from the geological formation of Vaca Muerta, which houses vast reserves of unconventional gas. The plan includes the construction of a 500-kilometer pipeline from Neuquén to Río Negro, where floating liquefaction vessels will be installed.
This agreement also responds to Germany’s strategy to diversify its energy supply sources following the deficit caused by the war in Ukraine. As mentioned in recent news, the country seeks to secure its energy security through new alliances in the global market.
