• A milestone for German-Omani energy partnership
• Agreement positions SEFE as a leading importer of energy from Oman among German companies
• Medium- and long-term cooperation on hydrogen

SEFE Securing Energy for Europe and Oman LNG have signed a Sales and Purchase Agreement (SPA) for 0.4 million tonnes per annum of liquefied natural gas (LNG) between 2026 and 2029.

With the agreement, signed under the auspices of H.E. Eng. Salim bin Nasser al Aufi, Minister of Energy and Minerals, on the sidelines of the Berlin Energy Transition Dialogue 2024 the two companies are executing a Sales and Purchase Agreement following the binding term-sheet signed in August 2023. The contract marks a milestone in the strategic energy partnership between Germany and Oman, as SEFE is the first German company to purchase Omani LNG.

“The agreement marks a pivotal moment for both Oman LNG and SEFE, symbolizing a profound step towards enhanced collaboration. The SPA stands as a testament to the mutual benefits derived from this partnership. For Oman LNG, it signifies access to new markets, technological advancements from Germany, and broader economic growth opportunities. Meanwhile, SEFE gains a reliable and trusted energy supplier, strengthening its position in the European market,” said Hamed Al Naamany, CEO of Oman LNG.

“SEFE is very proud to continue its path of increased cooperation with Oman, and to be the front-runner amongst German companies in importing energy from the country. This partnership diversifies our portfolio and supports our goal to provide Europe with a secure energy supply,” said Dr Egbert Laege, CEO of SEFE. “We look forward to this being the first of many agreements and to developing a trusting partnership in the hydrogen economy in the medium and long term,” Laege added. “The Sultanate of Oman is making impressive progress with its ambitious hydrogen strategy.”