Oman LNG indicators a binding term-sheet settlement with SEFE

The settlement comes to reinforce the ever-growing partnership between Oman LNG and worldwide vitality companies, the place SEFE has turn into 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 is predicated 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 popularity as a dependable and trusted LNG provider, coupled with the efficient administration of enterprise processes to provide dependable vitality, and ship it to clients world wide 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 shall be accessing new market by means of Germany, and past. Going additional, the settlement leverages our fixed efforts so as to add worth to Oman’s financial system by means of progress 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 major milestone for each entities. As pioneers amongst German corporations to embark on this partnership, SEFE is proud to cleared the path 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/