OQ Gas Networks and Fluxys Partner to Develop Hydrogen Infrastructure in Oman
Key Ideas
- OQGN and Fluxys have signed a cooperation agreement to jointly develop hydrogen transportation infrastructure in Oman, aligning with Oman's 2040 objectives.
- The partnership aims to acquire a minority stake in the hydrogen network, enabling the rapid development of infrastructure for hydrogen production.
- Fluxys' investment in OQGN and their shared vision for energy transition reinforce their commitment to decarbonisation and the development of low-carbon energy value chains.
- The agreement builds upon a previous MoU between the two companies for strategic collaboration in developing hydrogen and carbon dioxide networks in Oman.
In a significant move towards advancing hydrogen infrastructure in the Sultanate of Oman, OQ Gas Networks (OQGN) and Belgium’s Fluxys have announced a partnership to jointly develop foundational infrastructure for hydrogen transportation. The cooperation agreement, signed in Muscat, marks a pivotal step in realizing Oman's hydrogen production goals and aligning with the national objectives set for 2040. Both companies plan to collaborate on acquiring a stake in the hydrogen network and contribute to its operations, emphasizing their commitment to energy transition initiatives. This partnership not only strengthens the relationship between OQGN and Fluxys but also underscores their dedication to enabling the timely development of decarbonisation infrastructure in Oman. The strategic collaboration between these entities, backed by Fluxys' investment in OQGN, demonstrates a shared vision for connecting and investing in new low-carbon energy value chains. By leveraging their integrated infrastructure and expertise, OQGN and Fluxys aim to drive the effective development of hydrogen infrastructure in Oman, thereby supporting the nation's transition towards sustainable energy practices. This initiative also highlights Fluxys' strategy of forging international partnerships to facilitate the growth of renewable energy potential in regions like Oman while further integrating them into the global energy landscape.
Topics
Production
Renewable Energy
Infrastructure
Investment
Energy Transition
Decarbonisation
International Collaboration
Partnership
Low-carbon
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