Oman and Belgium Collaborate on Hydrogen Infrastructure Development in Oman
Key Ideas
- State-owned OQ Gas Networks and Fluxys will jointly develop hydrogen infrastructure in Oman, supporting green hydrogen initiatives.
- The companies aim to create a new value chain to export renewable hydrogen to Belgium and Europe, accelerating the energy transition.
- OQGN announced plans for a dedicated hydrogen pipeline by 2030, with a 300-400 km project expected to be funded by 2027.
- The collaboration aligns with Oman's decarbonisation goals and enhances its position in the global hydrogen market.
Oman's state-owned OQ Gas Networks (OQGN) and Belgium's Fluxys have inked a contract to collaboratively develop infrastructure for hydrogen transportation across the sultanate. The partnership includes a minority stake in the hydrogen network, focusing on supporting Oman's green hydrogen and decarbonisation initiatives. This move follows a memorandum of understanding signed in September 2023 between the two companies to expand hydrogen and carbon dioxide networks in Oman.
Fluxys, holding a 4.9 percent stake in OQGN, intends to utilize the collaboration to expedite the energy transition process and establish a value chain for exporting renewable hydrogen to Belgium and broader Europe. Additionally, plans were unveiled by OQGN to construct a dedicated hydrogen pipeline by 2030, with the anticipation of funding approval for the 300-400 km project by 2027.
The partnership not only signifies a strategic step towards bolstering Oman's presence in the global hydrogen market but also reinforces the nation's commitment to sustainable practices and emissions reduction. By facilitating the development of hydrogen infrastructure, Oman aims to play a pivotal role in the transition towards cleaner energy sources and contribute to the international effort to combat climate change.
Topics
Europe
Investment
Energy Transition
Energy Infrastructure
Collaboration
Green Initiatives
Export
Pipeline Network
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