Attention for the nascent low-carbon hydrogen industry reached new heights in 2022 around the world, with the Middle East being no exception. Several countries in the region issued low-carbon hydrogen roadmaps and targets, and there was a flurry of new announcements for large-scale projects. New projects emerged for both green hydrogen, produced via water electrolysis using renewable power, and its blue counterpart, made from natural gas with carbon capture and storage or use. Most of these projects have set their sights firmly on exports to markets where producing hydrogen and its derivatives could be considerably more expensive Announcements in 2022 underlined that three countries are eyeing potential imports from the Middle East particularly keenly: Germany, Japan and South Korea.
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