Latest news with #OQGN
Zawya
22-07-2025
- Business
- Zawya
Oman: OQGN sustainability report highlights decarbonisation progress
MUSCAT: OQ Gas Network (OQGN), Oman's leading gas transmission operator, has released its maiden annual Sustainability Report, detailing the company's achievements in environmental stewardship, workforce development, and operational transparency throughout 2024. The report reflects OQGN's alignment with Oman Vision 2040 and the country's net-zero ambitions. Following its public listing on the Muscat Stock Exchange in 2023, OQGN delivered measurable progress across key sustainability indicators. These include a 46 per cent reduction in Scope 1 and 2 emissions compared to the 2021 baseline, a 63 per cent drop in water consumption, and the recycling of over 3,400 cubic metres of wastewater. The company also completed the first-ever Remote Techno Plug (RTP) operation on a 48-inch gas pipeline in Oman, significantly minimising flaring during maintenance. Workforce well-being and inclusion remained a core focus, with OQGN achieving 14.9 million safe manhours, zero incidents of discrimination, and a 76 per cent employee satisfaction score. Additionally, women now represent 13 per cent of full-time middle management roles. Mansoor al Abdali, CEO of OQGN, said, 'At the core of our progress is our determined attention to sustainability. We took a major step forward by becoming one of the first nine companies in Oman to disclose our ESG performance via the MSX platform. Our stakeholders can be assured that we are not just building a company, but an enduring legacy of innovation and responsibility.' As part of its commitment to support Oman's 2050 Net Zero target, OQGN advanced its company-wide decarbonisation strategy in 2024. The strategy centres around three primary levers: process optimisation and energy efficiency, clean energy and electrification, and the use of data and innovation. Together, these pillars are designed to reduce greenhouse gas emissions by 42 per cent by 2030 and 82 per cent by 2040, with the ultimate goal of achieving net-zero emissions by 2050. One of the achievements of 2024 was the 45.7 per cent reduction in combined Scope 1 and 2 emissions, compared to the 2021 baseline. This was driven by initiatives such as optimising gas-fired heaters and compressors, reducing flaring and venting, and piloting energy-efficient technologies across key infrastructure. The deployment of solar systems across eight block valve stations further demonstrated the company's commitment to clean energy integration. OQGN implemented an in-house digital monitoring platform powered by AI. This system automates the tracking of electricity and fuel consumption, enabling real-time performance evaluation and minimising human error. The company also reported a 96 per cent reduction in vented gas and a 44 per cent reduction in flared gas volumes compared to 2021 levels. In collaboration with Hydrom, the company is developing national infrastructure for hydrogen and CO₂ transportation. Technical feasibility studies and stakeholder partnerships are underway to support open-access pipeline networks for green hydrogen and carbon capture, utilisation, and storage (CCUS). These projects reflect a broader strategy to repurpose existing assets, such as natural gas pipelines, to support low-carbon fuels and ensure long-term sustainability of Oman's energy sector. The company also expanded solar power across its facilities, introduced electric vehicles to its fleet, and launched an AI-powered surveillance system for pipeline integrity. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
21-07-2025
- Business
- Observer
OQGN sustainability report highlights decarbonisation progress
MUSCAT: OQ Gas Network (OQGN), Oman's leading gas transmission operator, has released its maiden annual Sustainability Report, detailing the company's achievements in environmental stewardship, workforce development, and operational transparency throughout 2024. The report reflects OQGN's alignment with Oman Vision 2040 and the country's net-zero ambitions. Following its public listing on the Muscat Stock Exchange in 2023, OQGN delivered measurable progress across key sustainability indicators. These include a 46 per cent reduction in Scope 1 and 2 emissions compared to the 2021 baseline, a 63 per cent drop in water consumption, and the recycling of over 3,400 cubic metres of wastewater. The company also completed the first-ever Remote Techno Plug (RTP) operation on a 48-inch gas pipeline in Oman, significantly minimising flaring during maintenance. Workforce well-being and inclusion remained a core focus, with OQGN achieving 14.9 million safe manhours, zero incidents of discrimination, and a 76 per cent employee satisfaction score. Additionally, women now represent 13 per cent of full-time middle management roles. Mansoor al Abdali, CEO of OQGN, said, 'At the core of our progress is our determined attention to sustainability. We took a major step forward by becoming one of the first nine companies in Oman to disclose our ESG performance via the MSX platform. Our stakeholders can be assured that we are not just building a company, but an enduring legacy of innovation and responsibility.' As part of its commitment to support Oman's 2050 Net Zero target, OQGN advanced its company-wide decarbonisation strategy in 2024. The strategy centres around three primary levers: process optimisation and energy efficiency, clean energy and electrification, and the use of data and innovation. Together, these pillars are designed to reduce greenhouse gas emissions by 42 per cent by 2030 and 82 per cent by 2040, with the ultimate goal of achieving net-zero emissions by 2050. One of the achievements of 2024 was the 45.7 per cent reduction in combined Scope 1 and 2 emissions, compared to the 2021 baseline. This was driven by initiatives such as optimising gas-fired heaters and compressors, reducing flaring and venting, and piloting energy-efficient technologies across key infrastructure. The deployment of solar systems across eight block valve stations further demonstrated the company's commitment to clean energy integration. OQGN implemented an in-house digital monitoring platform powered by AI. This system automates the tracking of electricity and fuel consumption, enabling real-time performance evaluation and minimising human error. The company also reported a 96 per cent reduction in vented gas and a 44 per cent reduction in flared gas volumes compared to 2021 levels. In collaboration with Hydrom, the company is developing national infrastructure for hydrogen and CO₂ transportation. Technical feasibility studies and stakeholder partnerships are underway to support open-access pipeline networks for green hydrogen and carbon capture, utilisation, and storage (CCUS). These projects reflect a broader strategy to repurpose existing assets, such as natural gas pipelines, to support low-carbon fuels and ensure long-term sustainability of Oman's energy sector. The company also expanded solar power across its facilities, introduced electric vehicles to its fleet, and launched an AI-powered surveillance system for pipeline integrity.
Observer
23-06-2025
- Business
- Observer
OQGN awards major contract for Fahud–Suhar gas pipeline
MUSCAT: OQ Gas Networks SAOG (OQGN) has awarded a key contract for the construction of a second gas pipeline loop between Fahud and Suhar, reinforcing Oman's energy infrastructure and supply capacity. The 42-inch, 193-kilometre pipeline will be developed under a contract signed with The Petroleum Projects Company Petrojet and Partners LLC. The Engineering, Procurement and Construction (EPC) agreement was signed on June 17, 2025. In parallel, the company awarded the contract for supplying the line pipe to Jindal Saw Limited. The total project, valued at approximately RO 105 million, is scheduled for completion within 24 months. OQ confirmed that the cost will be integrated into its Regulated Asset Base (RAB), ensuring that the return on investment will be calculated under the approved Weighted Average Cost of Capital (WACC). Under Price Control 3, the applicable WACC is set at 7.79 per cent and will remain in effect until 2027. This new pipeline forms a critical part of OQ's strategy to expand its transmission network and improve the resilience of natural gas supply to key regions in northern Oman. It will help accommodate increasing industrial demand and improve energy access in major zones such as Suhar. The project also supports national economic diversification by enabling more efficient and reliable delivery of energy to existing and emerging industries. — ONA
Zawya
19-06-2025
- Business
- Zawya
Oman: OQGN awards $272mln gas pipeline contract
MUSCAT - OQ Gas Networks SAOG (OQGN), the owner and operator of Oman's gas transportation system, has announced the award of a contract worth RO 105 million for the implementation of the Second Loop Line Fahud-Suhar project – a key initiative to boost the country's gas supply network. In a filing to the Omani bourse on Wednesday, June 18, 2025, OQGN – part of OQ Group – said the contract, covering the engineering, procurement and construction (EPC) of the 193km 42-inch pipeline project, was awarded to the Petroleum Projects Company Petrojet and Partners LLC. Also as part of the project execution strategy, a related contract for the supply of 193 kilometers of line pipe was awarded to Jindal Saw Limited. The planned execution duration of the project is 24 months. 'The project aligns with the company's growth strategy and vision in leading the energy infrastructure,' OQGN added. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
18-06-2025
- Business
- Zawya
Oman's OQGN awards EPC contract for $273mln Fahud - Suhar Loop Line project
OQ Gas Networks (OQGN), Oman's sole gas transmission operator and owner, announced on Wednesday that it has awarded Engineering, Procurement, and Construction (EPC) contract for the new 42 inch, 193-kilometre (km) loop line from Fahud to Suhar to Egypt-headquartered Petrojet. The agreement for the Fahud - Suhar Loop Line project was signed on 17 June 2025, the MSX-listed company said in a stock exchange statement. The statement said OQGN also awarded the supply of 193-km of line pipes to Jindal SAW. The project, which is estimated to cost 105 million Omani riyals ($273 million), is scheduled to be completed in 24 months, the statement noted. According to the statement, the project cost will be included in the Company's Regulated Asset Base (RAB), and, like the rest of the RAB, the return on this investment will be determined based on the Weighted Average Cost of Capital (WACC). The currently approved WACC in Price Control 3 is 7.79 percent and will remain in effect until 2027. In November 2024, Zawya Projects had reported that OQGN secured approval from relevant authorities for the execution of a second loop line from Fahud to Sohar. (Reporting by Deva Palanisamy; Editing by Anoop Menon) (
