Latest news with #OQGN
Zawya
19-05-2025
- Business
- Zawya
Oman: Pact signed to jointly develop hydrogen transport network
MUSCAT: OQ Gas Networks SAOG (OQGN), the exclusive operator of Oman's natural gas transmission system, has signed a Term Sheet Cooperation Agreement with Belgium-based Fluxys to jointly develop a hydrogen transportation network in the Sultanate of Oman. Under the agreement, Fluxys will join as a minority shareholder, co-owning and operating the planned infrastructure alongside OQGN. The agreement builds on an earlier Memorandum of Understanding (MoU) signed in September 2023 and strengthens their partnership following Fluxys' acquisition of a 4.9% stake in OQGN during its Initial Public Offering (IPO). Both companies share a vision for leading the energy transition and see this collaboration as a key step toward realizing Oman's Vision 2040 and its national hydrogen production targets. With complementary infrastructure and expertise, OQGN and Fluxys aim to fast-track the rollout of hydrogen transport systems to support Oman's clean energy ambitions. The partnership also reflects a broader goal to exchange knowledge and best practices to accelerate low-carbon developments. The agreement was signed by Eng Mansoor bin Ali al Abdali, CEO of OQGN, and Pascal De Buck, Managing Director and CEO of Fluxys, during a ceremony at the Mandarin Oriental Hotel in Muscat, held under the auspices of Salim bin Nasser Al Aufi, Minister of Energy and Minerals. 'We are excited to work with Fluxys in developing hydrogen transportation infrastructure to support Oman's green hydrogen and decarbonisation goals,' said Eng Al Abdali. 'This collaboration reflects our commitment to delivering cost-effective, sustainable energy solutions for the future.' De Buck added, 'Partnering with OQGN marks a major step in our strategy to build international low-carbon value chains. We look forward to contributing to Oman's energy transition while bringing renewable hydrogen to Belgium and Europe.' 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
18-05-2025
- Business
- Observer
Pact signed to jointly develop hydrogen transport network
MUSCAT: OQ Gas Networks SAOG (OQGN), the exclusive operator of Oman's natural gas transmission system, has signed a Term Sheet Cooperation Agreement with Belgium-based Fluxys to jointly develop a hydrogen transportation network in the Sultanate of Oman. Under the agreement, Fluxys will join as a minority shareholder, co-owning and operating the planned infrastructure alongside OQGN. The agreement builds on an earlier Memorandum of Understanding (MoU) signed in September 2023 and strengthens their partnership following Fluxys' acquisition of a 4.9% stake in OQGN during its Initial Public Offering (IPO). Both companies share a vision for leading the energy transition and see this collaboration as a key step toward realizing Oman's Vision 2040 and its national hydrogen production targets. With complementary infrastructure and expertise, OQGN and Fluxys aim to fast-track the rollout of hydrogen transport systems to support Oman's clean energy ambitions. The partnership also reflects a broader goal to exchange knowledge and best practices to accelerate low-carbon developments. The agreement was signed by Eng Mansoor bin Ali al Abdali, CEO of OQGN, and Pascal De Buck, Managing Director and CEO of Fluxys, during a ceremony at the Mandarin Oriental Hotel in Muscat, held under the auspices of Salim bin Nasser Al Aufi, Minister of Energy and Minerals. 'We are excited to work with Fluxys in developing hydrogen transportation infrastructure to support Oman's green hydrogen and decarbonisation goals,' said Eng Al Abdali. 'This collaboration reflects our commitment to delivering cost-effective, sustainable energy solutions for the future.' De Buck added, 'Partnering with OQGN marks a major step in our strategy to build international low-carbon value chains. We look forward to contributing to Oman's energy transition while bringing renewable hydrogen to Belgium and Europe.'
Times of Oman
18-05-2025
- Business
- Times of Oman
Cooperation agreement inked to develop hydrogen transportation network in Oman
Muscat: OQ Gas Networks (OQGN) has signed a cooperation agreement with Belgium's Fluxys to jointly develop the foundational infrastructure for hydrogen transportation in the Sultanate of Oman. The agreement was signed by Eng. Mansour Ali Al Abdali, CEO of OQGN, and Pascal De Buck, CEO and Managing Director of Fluxys, during a ceremony held in Muscat under the patronage of Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals. Under this agreement, the two companies will collaborate on acquiring a minority stake in the hydrogen network and contribute to its operations. Both OQGN and Fluxys share a vision to lead energy transition initiatives, leveraging their integrated infrastructure and shared ambitions to enable the rapid and effective development of hydrogen infrastructure that meets Oman's needs—aligned with the objectives of "Oman 2040" and its hydrogen production goals. This cooperation agreement strengthens the partnership between OQGN and Fluxys, following a memorandum of understanding (MoU) signed in September 2023 for strategic collaboration in developing hydrogen and carbon dioxide networks in Oman. It also comes after Fluxys acquired a 4.9% stake in OQGN as a key investor during the company's initial public offering (IPO). This partnership underscores OQGN's commitment to enabling the timely development of decarbonisation infrastructure in Oman and highlights Fluxys' strategy of connecting and investing in new low-carbon energy value chains in countries with high renewable energy potential, while linking them to Belgium and Europe.
Muscat Daily
18-05-2025
- Business
- Muscat Daily
OQGN, Fluxys to develop hydrogen transportation network in Oman
Muscat – OQ Gas Networks (OQGN), the exclusive owner and operator of Oman's natural gas transmission network, announced the signing of a term sheet cooperation agreement with Fluxys, the Belgian-based global energy infrastructure group, to jointly develop the hydrogen transportation infrastructure in Oman, where Fluxys, alongside OQGN, intends to own and operate the hydrogen network as a minority shareholder. OQGN and Fluxys share similar vision in leading energy transition activities, and with complementary infrastructure and aspirations, they are well positioned to enable rapid and efficient development of hydrogen infrastructure to cater to Oman's need in line with Oman's vision 2040 and hydrogen production targets. This cooperation agreement solidifies the partnership between Fluxys and OQGN following the signing in September 2023 of a Memorandum of Understanding (MoU) between the two organisations to strategically collaborate in the hydrogen and CO2 network developments in Oman, as well as Fluxys' acquisition of a 4.9% stake in OQGN as an anchor investor as part of the initial public offering of OQGN. The partnership highlights OQGN's commitment in enabling the timely development of decarbonisation infrastructure in Oman, as well as Fluxys' strategy in connecting and investing in new low-carbon energy value chains with high renewable potential countries to Belgium and Europe and also reflects their intention to exchange knowledge derived from their experiences and prior learnings. The agreement was signed by Eng Mansoor bin Ali al Abdali, OQGN CEO, and Pascal De Buck, Managing Director and CEO of Fluxys, at a ceremony held at the Mandarin Oriental Hotel in Muscat. The event was held under the patronage of H E Salim bin Nasser al Aufi, Minister of Energy and Minerals. In a press statement, Abdali said, 'We are very excited to work with Fluxys in jointly developing the Hydrogen transportation network in Oman, and supporting Oman's green hydrogen and decarbonisation initiatives. This cooperation is a clear signal of our commitment as the national energy infrastructure company in leading the development and deployment of green hydrogen infrastructure to support Oman's energy transition goals and aspirations. Together with Fluxys, we will leverage our considerable joint experience and capabilities meeting Oman's requirements for hydrogen transport infrastructure and realizing the national agenda in a cost-effective manner.' Pascal De Buck added, 'We are delighted to partner with OQGN in developing a new hydrogen transportation network in Oman. As a shareholder of OQGN, this collaboration is a pivotal step in our strategy to accelerating the energy transition and creating new value chains. By harnessing our combined expertise, we aim to bring renewable hydrogen to Belgium and Europe, while also significantly contributing to Oman's sustainable energy goals. Together, we are committed to creating a brighter, greener energy future.'
Zawya
06-05-2025
- Business
- Zawya
Oman to boost gas pipeline capacity
MUSCAT: OQ Gas Networks (OQGN), the sole owner and operator of Oman's national gas transportation system, is targeting a significant expansion of its pipeline network to support both volume growth, as well as enable the strategic management of the countrywide gas supply grid. Future growth plans outlined by the publicly traded company – part of OQ Group – envision a 5.6 per cent rise in the network's current length of 4,235 km, and a 13.1 per cent increase in the network's current capacity of 70.48 billion cubic metres (BCM). This growth is proposed to be achieved by 2027, the company noted in its 2024 Annual Report. 'OQGN's business plans align with Oman Vision 2040, focusing on energy diversification, digital transformation, and sustainable growth. During the next three years, the Company aims to expand its total pipeline length to nearly 4,500 km and increase network capacity to nearly 80 BCM,' the company stated. Gas demand is anticipated to grow at a CAGR of 4.7 per cent between 2024 and 2030, according to OQGN. In 2024, the company delivery 42.98 BCM of gas, entailing a 3.5 per cent increase over the previous year's total. Consumers included LNG facilities, power and desalination plants, and industrial sectors throughout the country. Of the many suppliers channeling natural gas to OQGN, through state-owned Integrated Gas Company (IGC), the Unified Shipper, Petroleum Development Oman (PDO) contributed a 56.8 per cent share. The largest consumer was the LNG sector, accounting for 41.3 per cent of total gas consumption, followed by the industrial and commercial sectors at 27.6 per cent. Significantly, OQGN's new pipeline and capacity growth will be driven by around 10 ongoing projects, including the following strategic initiatives: Fahud-Suhar Loop Line: It entails the construction of an additional 193 km, 42-inch loop line from the Fahud Compressor Station to Block Valve Station-6 in the Al Dhahirah Governorate, running parallel to two existing 32-inch pipelines from Fahud Compressor Station to Suhar. The project also includes the construction of a 2 km, 16-inch spur line to supply gas to the proposed Ibri Industrial Estate GSS and the extension of six block valve stations. When completed in 2027, the project will boost capacity at Suhar by more than 26 per cent. Central Rich and Lean Gas Segregation Project (CRL): Centring on the development of a gas blending station in the Central Region for rich and lean gas segregation, this project also includes a 48-inch, 65km loop line extension from Block Valve Station 9 to the Sur GSS. Total investment in the project, which will enhance gas value by segregating rich and lean gas, is around RO 70.8 million. The project has been partly commissioned. Additionally, OQGN is rolling out a Long-Term Network Development Plan (LTNDP) designed to analyze and balance gas supply and demand. Updated annually, this tool provides a seven-year forecast to ensure the network can meet future requirements related to the rise in consumption due to population growth or large new industrial projects. 'This planning process helps identify bottlenecks, assess infrastructure adequacy, and guide investment decisions made by the Government of Oman, the Shipper (IGC), and the Regulator (APSR) to plan for network capacity, supply, and gas distribution to different regions. The current LTNDP covers the period from 2024 to 2031,' the company added. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
