Project shakeout spreads to Oman
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
Oil major BP and French energy company Engie have both withdrawn from significant green hydrogen projects in Oman, which has ambitions to be a leading global supplier, amid concerns over the development of demand. BP has cancelled the 1.5GW Duqm Green Hydrogen Project in the Special Economic Zone at Duqm on the east-central coast, which had been expected to produce 150,000t/yr but was at an early stage of development. In the same region, Engie has halted the 1.3GW HyDuqm green-hydrogen-to-ammonia project, which it was developing with Oman’s state hydrogen agency Hydrom and South Korean steelmaker Posco. “The decision follows an in-depth assessment of global renewable hydrogen offtake d
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