Germany and Oman are in advanced talks to strike a long-term deal for liquefied natural gas (LNG) lasting at least ten years as Berlin seeks alternatives to Russian fuel supply, according to three sources familiar with the matter.
Since last year, Europe has been trying to replace Russian gas against the backdrop of Russia-Ukraine war, with state-run Gazprom (GAZP.MM) gradually lowering and finally stopping the lion's share of pipeline shipments to Europe.