Oman to launch third green auction

Sultanate prepares to offer international hydrogen project developers more land concessions but refines auction design as global industry sentiment cools

Oman has unveiled plans to launch its third auction of green hydrogen concessions in the first quarter of 2025, defying the recent cooling of global industry sentiment. Auctioned blocks of land are expected to be allocated to prospective project developers in late 2025 or early 2026, state developer Hydrom said at an investor day in Muscat in early December. However, the design of the auction mechanism is expected to differ from the first two rounds as the government takes into account the challenges faced by developers globally in progressing projects to FID. Revisions to the block allocation process could include the use of novel mechanisms such as the double auction structure pioneered by