According to the International Energy Agency, Oman has the largest low-emission hydrogen project pipeline in the Middle East area, with an ambitious goal of exporting one million tonnes of green hydrogen annually by 2030. (IEA).
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The findings demonstrate the MENA region’s immense potential and its ability to produce goods at a reasonable cost.
According to a senior official at the Ministry of Energy and Minerals, Oman’s government anticipates attracting investment totaling more than $20 billion in the green hydrogen sector by 2030.
On the occasion of Chinese President Xi Jinping’s visit to the country, Chinese and Saudi businesses signed investment agreements for green hydrogen and solar energy.
International energy corporations have expressed a lot of interest in two green-hydrogen concessions that Oman stated will be given early in the next year and could require an investment of up to $10 billion.
By creating a new Low Carbon Solutions and International Growth vertical that will concentrate on renewable energy, clean hydrogen, and carbon capture and storage, as well as international expansion in gas, liquefied natural gas (LNG), and chemicals, Abu Dhabi National Oil Company (ADNOC) is accelerating operationalization of its board mandated low carbon growth strategy.
The Middle East and North Africa may have a role to play in supplying Germany and Europe with hydrogen and synthetic fuels made from renewable sources, according to a study by the German Aerospace Center (DLR), Wuppertal Institute and Institute for Future Energy and Material Flow Systems (IZES).
According to the Ministry of Energy and Mineral Resources of the Arab nation, Jordan and Norway have agreed to sign multiple memorandums of understanding (MoU) to strengthen their cooperation in the fields of renewable energy and green hydrogen.
UAE is positioned to take the lead and become a significant exporter of this energy carrier.
The Government of Sindh has agreed to a long lease with Oracle Energy for a period of 30 years for a land package totaling 7,000 acres in south-east Pakistan, where Oracle Energy would build its flagship Green Hydrogen Project. This announcement was made by Oracle Power.
