Oman’s ‘enormous’ hydrogen potential hangs on delivery

Oman’s ‘enormous’ hydrogen potential hangs on delivery

Hydrogen presents “enormous” opportunities for Oman, but the sultanate needs to focus on timely delivery of new project agreements if it is to achieve its ambitious targets, industry experts told AGBI. Oman’s Hydrom signed two agreements worth $11 billion with the Electricité de France (EDF Group) consortium as well as Actis and Fortescue to develop […]

Hydrogen presents “enormous” opportunities for Oman, but the sultanate needs to focus on timely delivery of new project agreements if it is to achieve its ambitious targets, industry experts told AGBI.

Oman’s Hydrom signed two agreements worth $11 billion with the Electricité de France (EDF Group) consortium as well as Actis and Fortescue to develop hydrogen projects in the Dhofar governorate. 

“The hydrogen opportunity is enormous,” said Lucy Heintz, head of energy infrastructure at Actis. “So it’s not going to matter whether you’re first or second. Because it is a very big opportunity.”

“The most important thing is going to be to deliver and not have a huge number of projects, with nothing having happened to any of them,” she added.

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These deals bring the total number of projects to eight with an estimated investment of just under