Cooperation Agreement Inked to Develop Hydrogen Transportation
Network in Oman

Muscat, 18 May (ONA) —— 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 decarbonization 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.

—— Ends/AH