Germany and Oman are in advanced talks to sign a 10-year deal for LNG as Berlin continues its search for alternatives to Russian oil and gas, Reuters reported, citing three sources familiar with the matter.
Europe has been scrambling to replace Russian gas since last year against a backdrop of war in Ukraine, with state-run Gazprom progressively reducing and then suspending the lion’s share of pipeline supplies to Europe.
Two sources with direct knowledge of the matter said the deal with Oman would be for between 0.5 to 1 million tonnes per annum (mtpa), with one specifying around 0.8 mtpa over 10 years.
On Tuesday, Oman LNG signed a deal to supply China’s Unipec with around 1 million metric tonnes of liquefied natural gas (LNG) per year for four years starting 2025.
Last month, the company signed a supply deal with Turkey’s energy importer BOTAS for 1 million tonnes of LNG per year, and agreed to provide up to 1.6 million tonnes of LNG to France’s TotalEnergies and Thailand’s state-owned firm PTT Pcl.