Fluxys, OQGN to develop hydrogen, CO2 infrastructure in Oman

Fluxys, a gas infrastructure company in Belgium, and OQ Gas Networks (OQGN), the gas transmission and distribution company in Oman, have signed a memorandum of understanding (MoU) to jointly explore strategic cooperation in the development of hydrogen and CO2 infrastructure projects in the Middle Eastern nation, the Belgian company said on October 24.

The MoU was signed on October 24, the same day that OQGN listed its shares on the Muscat Stock Exchange. Fluxys acquired a 4.9% stake in OQGN as an anchor investor as part of the IPO.

Fluxys said both parties are frontrunners in decarbonisation projects and share the same key strategic focus on accelerating the energy transition.