Securing Energy for Europe (SEFE) and Oman LNG have signed a binding term-sheet agreement. Under the agreement, SEFE will receive 0.4 MTPA of liquefied natural gas (LNG) from Oman LNG. The agreement is based on a four-year contract, starting in 2026. The volumes will be sourced via SEFE Marketing & Trading Singapore PTE Ltd. (SM&TS) under free-on-board terms.
SEFE becomes the first German firm to receive Omani LNG in the ever-growing partnership between Oman LNG and international energy firms. The agreement was signed by Hamed Al Naamany, chief executive officer (CEO) of Oman LNG, and Egbert Laege, CEO of SEFE, in the presence of HE Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals, and HE Thomas Friedrich Schneider, Ambassador of the Federal Republic of Germany to the Sultanate of Oman.
“The term-sheet signing with SEFE marks another milestone, where the Omani LNG will be accessing 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,” said Mahmoud Al-Baloushi, chief commercial officer of Oman LNG.
