Oman – Belgian Fluxys, an energy infrastructure company, has committed to acquiring a 4.9% stake in OQGN, a state-owned transmission system operator in Oman, to support its vision on becoming a global leader in renewable hydrogen production thanks to abundant wind and solar resources.
Oman boasts some of the world’s most favorable conditions for renewable energy production, with exceptional wind and solar resources. Additionally, its strategic geographical location provides easy access to hydrogen import markets through ports on well-established sea trading routes. With strong support from the Omani government, the country has embarked on an ambitious journey with nine hydrogen projects currently in development.
This initiative builds upon a Memorandum of Understanding (MoU) signed in September 2021 between the Belgian and Omani ministers of energy, aimed at promoting and developing renewable hydrogen projects. Belgian entities, such as the Port of Antwerp-Bruges and DEME, have already established a substantial presence in Oman’s Port of Duqm and the hydrogen sector.
OQGN’s role
Central to Oman’s 100% renewable hydrogen strategy is OQGN, which will play a pivotal role in the development of the nation’s renewable hydrogen and CO2 networks. This aligns seamlessly with Fluxys’ strategy to invest in and connect new low-carbon energy value chains, focusing on the development of hydrogen and CO2 routes connecting Oman to Belgium and Europe.
This partnership between Oman and Fluxys marks a significant step towards a greener, more sustainable energy future, with Oman emerging as a key player in the global renewable hydrogen landscape.
