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, an international energy company, ensures the security of supply and drives the decarbonisation of its customers. SEFE’s activities span the energy value chain, from origination and trading to sales, transport and storage. Through its decades-long expertise in trading and the development of its LNG business, SEFE has become one of the most important suppliers to industrial customers in Europe, with an annual sales volume of 200 TWh of gas and power. Its 50,000 customers range from small businesses to municipalities and multinational organisations. By investing in clean energies and especially in the hydrogen ecosystem, SEFE is contributing to the energy transition. The company employs around 2,000 people globally and is owned by the Federal Government of Germany.

Securing energy – now and for the future.