Oman’s Green Hydrogen Megadeal Positions It as the Next Global Energy Superpower
Sultan Qaboos Port, Muscat – In a seismic shift for global energy markets, Oman has inked a $10 billion green hydrogen agreement with a consortium of international investors, leapfrogging traditional hydrocarbons to become the world’s fastest-growing clean fuel hub. The deal, announced today by Energy and Minerals Minister Salim Al Aufi, targets 1.5 million tons of annual production by 2030, enough to displace coal in Germany and Japan. With desert solar yields and proximity to Asian demand, Oman’s pivot could slash the cost of green hydrogen by 40%, outpacing Saudi Arabia and the UAE. For CEOs, this is a supply chain catalyst—logistics firms and chemical giants should secure offtake agreements now or risk higher premiums on energy transition inputs.