Emerging market for clean hydrogen
Oil majors see 2030 tipping point for clean hydrogen
Governments support initial expansion before new phase of competition kicks in, executives tell industry event
The clean hydrogen sector will evolve through two distinct phases of development through 2030 and beyond, according to oil and gas company executives. An initial ‘market-build’ phase will be heavily shaped by government incentives to support the scaling-up of supply and demand through to 2030 or 2035, followed by a second phase where projects will become exposed to far greater competition and scrutiny of returns on investment, they told Reuters’ ‘Oil and Gas Majors in Hydrogen’ event. “We see the (clean) hydrogen markets developing in different phases,” said Shirley Oliveira, vice president, hydrogen and CCUS advisory services at BP. “Between now and 2030 is really a sort of build-out of the
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Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
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Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
