- OQ Gas Networks (OQGN) and Fluxys will co-develop Oman’s hydrogen network, with Fluxys joining as a minority shareholder.
- The agreement supports Oman’s Vision 2040, building on an earlier MoU and Fluxys’ 4.9% stake in OQGN.
OQ Gas Networks (OQGN), Oman’s exclusive natural gas transmission network operator, has jointly signed a term sheet cooperation agreement with Belgian energy infrastructure firm Fluxys to develop hydrogen transport infrastructure in the Sultanate. Under the agreement, Fluxys will co-own and operate the hydrogen network as a minority shareholder.
The agreement builds on the strategic partnership formed in September 2023, when both parties signed a Memorandum of Understanding to collaborate on hydrogen and CO₂ networks in Oman. Fluxys also acquired a 4.9% stake in OQGN as an anchor investor during the company’s initial public offering.
OQGN and Fluxys aim to leverage their complementary infrastructure and shared commitment to the energy transition to fast-track hydrogen infrastructure development. Their efforts align with Oman’s Vision 2040 and national hydrogen targets.
The Minister of Energy and Minerals patronised the signing ceremony at the Mandarin Oriental Hotel in Muscat. OQGN CEO Eng. Mansoor bin Ali al Abdali and Fluxys CEO Pascal De Buck signed the agreement.
Eng. Al Abdali said, “This cooperation is a clear signal of our commitment to lead the development of green hydrogen infrastructure in support of Oman’s energy transition.”
Pascal De Buck added, “Together, we aim to bring renewable hydrogen to Belgium and Europe while advancing Oman’s sustainable energy ambitions.”