The International Association Cedigaz has just released its Hydrogen Market Review: “Canada’s Clean Hydrogen Pathway: Harnessing multiple assets for global leadership”, which assesses market developments, policies and prospects of the hydrogen industry in Canada. The report also provides information on Canadian clean hydrogen projects.
Amidst the gas supply crisis aftermath in Europe and with global spot gas prices remaining in the double-digit range for the past years, the EastMed natural gas sector has been attracting growing attention from major producers, investors, and potential gas buyers. With vast reserves amounting to trillions of cubic meters, the EastMed countries hold the potential to bolster their own energy security and expand global gas export capabilities alleviating pressure in the tight gas market.
The latest CEDIGAZ report “East Mediterranean Natural Gas Markets-2023: in Search of Development Pathways” authored by Alexander Kislov and Gina Cohen, presents a thorough analysis of the development of the EastMed natural gas province, examining the most recent advancements in Egypt, Israel, Türkiye, Cyprus, Jordan, and Lebanon, and perspectives of new large-scale gas exports projects. While the future of the EastMed natural gas province is contingent on various factors, the detailed information and complete data presented in the report provide an opportunity to outline the potential outcomes and contours of the EastMed puzzle.
The International Association CEDIGAZ has just released its National Hydrogen Market Review “Oman aims to become a leading green hydrogen hub”, which provides key information on Oman Hydrogen Strategy as well as market and project developments on both the demand and supply sides. It emphasizes that Oman is well positioned to become a leading green hydrogen exporter.
Oman is one of the six Gulf Cooperation Council (GCC) countries that have committed to net zero emissions by 2050. In addition, Oman is preparing policies to accelerate projects and plans for the transition to green energy. Green hydrogen presents itself as a key vector that enables Oman to pursue its decarbonization, economic and energy security objectives. In October 2022, the Minister of Energy and Minerals announced Oman’s new climate commitment and ambitious green hydrogen strategy. Today, the country aims to produce 1-1.5 million tons of green hydrogen per year by 2030 and increase green hydrogen production to at least 3.75 million tons per year by 2040 and 8.5 million tons per year by 2050. This would require an electrolysis capacity of 8-15 GW by 2030 and around 100 GW by 2050. To reach its production target by 2050, a cumulative investment of $140 billion is required by this horizon. The hydrogen produced will mainly meet both local and international industrial needs, involving the implementation of large-scale export projects targeting Europe and Asia. Bilateral partnership deals have already been signed with Belgium and the Netherlands for the production and exports of hydrogen to the EU.