SEFE finalises LNG deal with Oman LNG

Germany's SEFE (Securing Energy for Europe) has finalised a deal to purchase LNG from Oman LNG, it announced on March 21.

The two companies have executed a sales and purchase agreement following the binding term sheet signed in August 2023. Under the terms of the deal, SEFE will purchase 0.4mn tonnes/year of LNG from Oman LNG, spanning the period from 2026 to 2029.

The agreement was formalised on the sidelines of the Berlin Energy Transition Dialogue 2024.

Oman LNG is primarily owned by the government of Oman with a 51% stake, alongside ownership shares held by Shell (30%), Total (5.4%), Kogas (5%), and various Japanese and Omani firms holding stakes under 3%. 

SEFE this week signed a 15-year heads of agreement with ADNOC for the delivery of 1mn tonnes/year of LNG. The LNG will primarily be sourced from ADNOC’s Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi.