Oman is Hydrogen-Ready: Key Insights on How This Affects Business Opportunities in the Energy Sector
MUSCAT, DEC 1 – Eng. Salim bin Nasser al Aufi, Minister of Energy and Minerals in Oman, announced that the country is prepared for a transition to hydrogen energy, despite what he described as a global “reality check” in the sector.
During the 4th Green Hydrogen Summit Oman (GHSO), Al Aufi commented on the waning excitement surrounding hydrogen technology. He noted, “We are at a critical juncture for the hydrogen economy. The global ambitions—what some have called hype—are now evolving into something more substantive. We are moving from a phase of exaggeration to a more realistic understanding of the market.”
He elaborated on the existing challenges, stating, “The market is scrutinizing costs, supply chains, regulatory frameworks, and the types of molecules that will be transported and utilized. All of these are legitimate hurdles.”
Al Aufi also emphasized that what some perceive as a slowdown is, in fact, a maturation of the energy market. “This is not a slackening but a rapid transition towards maturity. It is necessary to recognize why the energy transition can be lengthy. What we see today is not a retreat, but a swift evolution—from hype to maturity and the activation of projects.”
Historically, major energy transitions have taken decades, but hydrogen must advance more swiftly, according to Al Aufi. He reassured attendees that the current slowdown is merely a moment to strategize, not a setback.
“I believe that this so-called slowness is actually a rapid acknowledgment that mere enthusiasm will not lead us to our goals. Realism, market dynamics, and global collaboration are essential to making hydrogen the preferred energy source—and progress is already underway,” he remarked.
In his closing statements, Al Aufi reaffirmed Oman’s readiness to move forward. “Oman is prepared. Our framework is established, and our national champions are primed for action. If I look around this room, I see partners from around the globe who are equally ready. The world is prepared; we just need to initiate a few projects to showcase that hydrogen is on the horizon. It’s only a matter of time before hydrogen becomes the energy of choice,” he concluded.
Special Analysis by Omanet | Navigate Oman’s Market
Oman’s preparation for the hydrogen transition signals a strategic pivot for businesses eyeing this emerging sector. While the global hype fades, realistic assessments present both opportunities and risks; savvy investors must focus on collaboration and project execution to capitalize on the maturity of the market. Companies should prioritize innovation and adaptability in their strategies to align with the evolving energy landscape.
