Oman LNG has introduced the signing of a binding term-sheet settlement with SEFE Safe Vitality for Europe (SEFE) to provide 0.4 million tpy of LNG ranging from 2026.
The settlement comes to boost the ever-growing partnership between Oman LNG and worldwide vitality companies, the place SEFE has grow to be the newest beneficiary of Omani LNG marking the primary LNG time period take care of a German agency, a outstanding milestone for each nations opening doorways for brand new alternatives within the European markets.
The signed term-sheet settlement encapsulates supplying a complete quantity of 0.4 million tpy of LNG from Oman LNG to SEFE. The settlement relies on a four-year contract, beginning in 2026. Signing term-sheet agreements past 2024 emphasises Oman LNG’s function in sustaining the Sultanate of Oman’s status as a dependable and trusted LNG provider, coupled with the efficient administration of enterprise processes to provide dependable vitality, and ship it to clients around the globe safely.
The settlement was signed by Hamed Al Naamany, CEO of Oman LNG, and Dr Egbert Laege, CEO SEFE, within the presence of Salim bin Nasser al Aufi, Minister of Vitality and Minerals, and Thomas Friedrich Schneider, Ambassador of the Federal Republic of Germany to the Sultanate of Oman.
Talking after the signing ceremony, Mahmoud Al-Baloushi, Chief Business Officer, mentioned: “The term-sheet signing with SEFE marks one other milestone, the place the Omani LNG might be accessing new market via Germany, and past. Going additional, the settlement leverages our fixed efforts so as to add worth to Oman’s financial system via development and collaborations, particularly as we see Oman tapping additional on Germany’s applied sciences and market, extra broadly, thus making a win-win for each.”
“We’re delighted to announce the historic contract signing between SEFE and Oman LNG, marking a big milestone for each entities. As pioneers amongst German corporations to embark on this partnership, SEFE is proud to prepared the ground in direction of enhanced collaboration. The partnership with Oman LNG diversifies SEFE’s portfolio and reinforces our efforts to proceed to reliably provide Europe with vitality,” added Dr Laege.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/31082023/oman-lng-signs-a-binding-term-sheet-agreement-with-sefe/