Oman Expects Final Investment Decision on First Green Hydrogen Project by 2026-27
Muscat, The Gulf Observer: Oman’s Energy Minister, Salim Al-Aufi, has announced that the Final Investment Decision (FID) on the first of eight planned green hydrogen projects in the sultanate is expected to be made between 2026 and 2027.
Among the projects, the Hyport Duqm initiative is the most likely to advance first, with a 60,000 t/y production capacity in its initial phase. The project is backed by OQ Alternative Energy (25.5%), BP (49%), and Belgium’s Deme (25.5%).
As part of the first phase, the partners plan to install 1.4GW of renewable energy capacity and a 500MW electrolyzer, with a roadmap to later expand the electrolyzer capacity to 1GW. The project is expected to play a key role in Oman’s ambition to become a global hub for green hydrogen production.
