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GASCADE and Fluxys have applied to the European Commission for Project of Common Interest (PCI) status for the AquaDuctus project, marking a major step forward in their plans for an offshore pipeline for green hydrogen in the North Sea. The move by the two infrastructure operators highlights the project's importance for the hydrogen ramp-up.

Fluxys has agreed to acquire from Macquarie Asset Management its c. 24% stake in Open Grid Europe (“OGE”), the largest transmission system operator in Germany. The acquisition fits perfectly with Fluxys’ strategy to be the essential infrastructure partner for speeding up the energy transition.

TAP shareholders Fluxys and Enagás have jointly agreed to purchase co-shareholder Axpo’s 5% stake in the pipeline. Fluxys will acquire 1% and Spain’s Enagás 4% of Axpo’s stake. Both companies will thus become 20% partner in TAP like the other shareholders Snam (Italy), bp (UK) and SOCAR (Azerbaijan).