Unlocking Oman’s green hydrogen potential

Unlocking Oman’s green hydrogen potential

Muscat: Oman and the UK have strong economic ties, which deliver thousands of Omani jobs, growth and prosperity.

About 47 percent of all foreign direct investment into Oman is British, with the energy sector playing a vital part. British flag-bearers bp and Shell – and a whole ecosystem of UK energy companies, including SMEs from across the UK – heavily contribute towards a sector that underpins 77 percent of Omani state revenue.

COP26 and COP27 have shown how energy is changing; and Oman is surging ahead as a regional leader in this field. Last month’s second Green Hydrogen Summit in Muscat brought together leaders in every aspect of the hydrogen value chain from production and transportation to applications and storage. Spearheaded by the Omani government, the Summit demonstrated the Sultanate’s ambition to be a global leader in green hydrogen.

Oman’s renewable energy potential stems in large part from its enviable location. With strong sun, fierce winds and abundant space, located near strategically located shipping ports for future exports, Oman will only have to allocate 0.1 percent of its landmass for renewable energy to support its own future energy requirements, making energy exports key.

Vision, innovation and collaboration are also key to success, and the