Germany signs milestone LNG deal with Oman LNG

SEFE and Oman LNG have signed a binding term-sheet agreement, whereby SEFE will receive 0.58 mta of LNG per year from Oman LNG for four year, starting in 2026. SEFE is the first German firm to receive Omani LNG.

Oman LNG chief commercial officer Mahmoud Al-Balushi said, “The term-sheet signing with SEFE marks another milestone, where the Omani LNG will be accessing a new market through Germany, and beyond.”

“Going further, the agreement leverages our constant efforts to add value to Oman’s economy through growth and collaborations, especially as we see Oman tapping further on Germany’s technologies and market, more broadly, thus creating a win-win for both.”

SEFE chief executive Egbert Laege said, “We are delighted to announce the historic contract signing between SEFE and Oman LNG, marking a significant milestone for both entities. As pioneers among German companies to embark on this partnership, SEFE is proud to lead the way towards enhanced collaboration.”

He added, “The partnership with Oman LNG diversifies SEFE’s portfolio and reinforces our efforts to continue to reliably provide Europe with energy.”

Other Oman LNG agreements signed this year include with Unipec of China, with Thai firm PTT Global LNG Co and France’s TotalEnergies..