The government-affiliated Omani LNG Company signed a binding clauses agreement with Energy Insurance Company for Europe “SEFE”, to supply Germany with liquefied natural gas starting in 2026.
According to the agreement, Muscat, will supply Berlin with 400,000 metric tons per year for a period of 4 years starting from 2026.
Germany is looking for new sources of gas to compensate it for the quantities it was importing from Russia before the outbreak of the war in Ukraine.
The German Economy Minister Robert Habeck recently warned that Europe’s largest economy might be forced to reduce or even halt industrial activity unless the agreement to transport Russian gas through Ukraine is extended beyond its term at the end of next year.
According to statements, the agreement that were signed with Sultanate of Oman government-affiliated Omani LNG Company comes within the framework of the German efforts to find Gas alternatives resources than Russia.
In related context, the German Federal Network confirmed, on Monday, the existence of residual risks that would threaten energy supplies during the coming winter, despite the gas tanks being well filled.
The German Federal Network said it intends to ask the people to save energy for fear of falling into a crisis.
“Despite the loss of Russian gas, we still have other stable sources of gas, but it is still too early to ensure the safety of everything, and the risks still exist,” the head of the German Federal Network, Klaus Müller told the German Neue Osnabrücker Zeitung newspaper.
Müller said, “The scenario of a very cold winter in Europe still exists. Putin could also order to close the gas tap heading to southeastern Europe, and attacks on pipelines constitute a terrifying scenario”.
He said, “German gas storage facilities are currently 90% full, and therefore they are significantly fuller than they were in the summer of last year… In addition, industry and households have reduced their consumption; however we will again call for savings and careful use of gas when the heating season approaches”.
Recent media reports revealed that European countries are still buying Russian gas, despite the alleged EU ban.