Oman's Green Hydrogen Vision by 2030
Key Ideas
- Oman anticipates its first Final Investment Decision (FID) for green hydrogen projects by 2026-27, with eight consortiums investing in large-scale schemes.
- The country aims to produce at least 1 million tonnes of green hydrogen by 2030 to support its transition to a low-carbon energy future.
- Positive developments in renewable energy, with solar projects and wind-powered Independent Power Projects (IPPs) contributing to the energy mix.
- Oman's minerals sector sees a new investment strategy with longer concession periods, leading to successful mineral export operations.
Oman is set to make significant strides in the green hydrogen sector, with the anticipation of the first Final Investment Decision (FID) for green hydrogen projects by 2026-27. Over the past two years, eight consortiums have secured land blocks in central and southern Oman to invest in large-scale green hydrogen schemes. The collective aim is to produce at least 1 million tonnes of green hydrogen by 2030, supporting the country's transition to a low-carbon energy future. Minister of Energy and Minerals, Eng Salim bin Nasser al Aufi, expressed optimism about Oman's green hydrogen journey during the 'Together We Progress' forum. The government is also focusing on renewable energy, with solar projects contributing significantly to electricity consumption. Additionally, upcoming wind-powered Independent Power Projects (IPPs) will further strengthen Oman's renewable energy capacity. In the minerals sector, a new investment strategy is in place, allowing for longer concession periods and successful mineral export operations. The policy changes have led to the export of copper concentrate for the first time in years, attracting both local and international investment interest.
Topics
Green Hydrogen
Renewable Energy
Energy Transition
Economic Growth
Investment Strategy
Renewable Electricity
Minerals Sector
Mining Operations
Policy Developments
Latest News