Egypt, Oman pursue major green hydrogen projects by 2027

Egypt is advancing its ambitions to become a regional hub for green hydrogen and ammonia production, as Prime Minister Mostafa Madbouli chaired a meeting to discuss a project in the Gulf of Suez. The initiative aims to enhance local production of green ammonia, leveraging Egypt's abundant renewable energy resources and strategic location to supply green fuel for ships and global markets. Meanwhile, Oman is also making strides in green hydrogen, with eight consortiums securing land for large-scale projects, targeting the production of over 1 million tonnes by 2030. The first Final Investment Decision (FID) in Oman is expected by 2026-27, signaling progress in the country's transition to a low-carbon energy future. Additionally, a significant green hydrogen-to-ammonia project in Oman, developed by ENGIE and POSCO, is projected to require an investment of $7-8 billion. These developments illustrate the growing focus on green energy initiatives in the Middle East amid global shifts towards cleaner energy sources.