SEFE signs a binding term-sheet agreement with Oman LNG

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14.08.2023 SEFE Securing Energy for Europe (SEFE) and Oman LNG have signed a binding term-sheet agreement. Under the agreement, SEFE will receive 0.4 million metric tonnes per annum from Oman LNG. The agreement is based on a 4-year contract, starting in 2026. The volumes will be sourced via SEFE Marketing & Trading Singapore PTE Limited (SM&TS) under FOB terms.

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The signing of agreement between SEFE and Oman LNG marks a remarkable milestone as 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, 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.

“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. The partnership with Oman LNG diversifies SEFE’s portfolio and reinforces our efforts to continue to reliably supply our customers with energy,” said Egbert Laege, CEO of SEFE.

About SEFE

SEFE is an international energy company anchored in Europe, delivering energy solutions that ensure reliable and affordable supply. Our activities span the entire energy value chain – from origination and trading to sales, transport and storage. With decades of trading expertise and a growing LNG portfolio, SEFE is one of Europe’s leading suppliers to industrial customers, providing more than 200 TWh of gas and power each year. We supply over 50,000 clients, from small businesses to municipalities and multinational organisations. By investing in clean energies, we support our customers on their decarbonisation journey and contribute to the energy transition. SEFE employs over 2,000 people worldwide and is owned by the Federal Government of Germany.

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