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Germany And Oman Close In On 10-Year LNG Deal

ENERGY SECURITY

Reuters reporting that Germany and Oman are in "advanced talks" on a deal to provide Germany with around 0.8 million tonnes per annum (mtpa) of LNG over 10 years.

  • Reuters: "Two sources with direct knowledge of the matter said the deal with Oman would be for between 0.5-1 million tonnes per annum (mtpa), with one specifying around 0.8 mtpa over 10 years. A third source familiar with the talks also said a 10-year deal was being discussed."
  • The deal would assist Germany in its pledge to replace all Russian energy imports by mid-2024 and comes as Germany struggles to reach a supply agreement with Qatar.
  • Any protentional deal with Qatar is unlikely to come into effect before 2026 meaning a deal with Oman may be seen as a critical short-term solution for Germany.
Political Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy Bullets
Political Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy Bullets

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