OQGN and Fluxys Forge Partnership for Hydrogen Infrastructure Development in Oman
Key Ideas
- OQ Gas Networks and Fluxys have signed a term sheet cooperation agreement to jointly develop hydrogen transportation infrastructure in Oman, with Fluxys as a minority shareholder.
- The partnership aims to enable rapid and efficient development of hydrogen infrastructure in line with Oman's vision 2040 and hydrogen production targets.
- This agreement follows a prior Memorandum of Understanding between the two organizations, reflecting a commitment to decarbonization and green energy initiatives in Oman.
- The CEOs of OQGN and Fluxys expressed excitement and commitment to supporting Oman's energy transition goals through the development of green hydrogen infrastructure.
OQ Gas Networks (OQGN) in Oman has partnered with Fluxys, a Belgian-based global energy infrastructure group, to jointly develop the hydrogen transportation infrastructure in Oman. This partnership aims to cater to Oman's decarbonization goals and support the country's vision 2040 and hydrogen production targets. The agreement solidifies the commitment of both companies to work together in advancing energy transition activities, with Fluxys acquiring a 4.9% stake in OQGN as part of the collaboration. The CEOs of OQGN and Fluxys highlighted their shared vision and complementary infrastructure, positioning them well to facilitate the rapid and efficient development of hydrogen infrastructure in Oman. The partnership also emphasizes the exchange of knowledge and experiences to drive sustainable energy solutions. The signing ceremony, held in Muscat under the patronage of the Minister of Energy and Minerals, marked a significant milestone in Oman's journey towards green hydrogen and decarbonization initiatives. Both CEOs expressed enthusiasm and dedication to leveraging their expertise to meet Oman's hydrogen transport infrastructure requirements and contribute to a greener energy future in Belgium, Europe, and Oman.
Topics
Production
Sustainability
Energy Transition
Partnership
Infrastructure Development
International Cooperation
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