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
Also in this section
23 December 2025
Government backing and inflow of private capital point to breakthrough year for rising star of the country’s clean energy sector
19 December 2025
The hydrogen industry faces an important choice: coordinated co-evolution or patched-together piecemeal development. The way forward is integrated co-evolution, and freight corridors are a good example
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
