Platts launches Middle East hydrogen prices as mega-projects underline region’s ambitions

S&P Global Platts has launched new low-carbon hydrogen assessments in the Middle East as the region strives to become a major exporter of the energy carrier and initial prices showed the Middle East amongst the cheapest producers of renewable hydrogen in the world, behind only Australia. The assessments track three production pathways in Oman, Saudi Arabia, Qatar and the UAE. Announced projects in Saudi Arabia, the UAE and Oman are set to produce 3 million mt/year of hydrogen in the 2030s, with Oman’s 14-GW Al Wusta and Saudi’s 4-GW NEOM projects among the world’s most ambitious to date.