In France, IEA issued a new report in which it showed how rich renewable resources and vast land expanses could make Oman a competitive low-emissions hydrogen supplier by 2030.
Oman aims to produce at least 1 million tons of renewable hydrogen a year by 2030, up to 3.75 million tons by 2040 – and up to 8.5 million tons by 2050, which would be greater than total hydrogen demand in Europe today, according to the report. The 2040 hydrogen target would represent 80% of Oman’s current LNG exports in energy-equivalent terms, while achieving the 2050 target would almost double them.
“Oman is an oil and gas producer country that is taking an enlightened approach to its energy future, with a clear long-term vision and strong net zero ambitions,” said IEA Executive Director Fatih Birol. “Thanks to its huge potential for low-cost solar and wind, renewable hydrogen is set to bring multiple benefits to Oman. The IEA is very pleased to be working with Oman on policy and technical matters as the country moves ahead on its journey to a net zero economy and shows other producer countries what is possible.”
Based on IEA analysis of the current global project pipeline, Oman is on track to become the sixth largest exporter of hydrogen globally, and the largest in the Middle East, by 2030.
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