Saudi Arabia is facing major challenges in its NEOM Green Hydrogen venture due to a lack of diversified international offtake.
Saudi Crown Prince Mohammad Bin Salman (MBS) has directed key ministries during recent emergency meetings to implement countermeasures against these challenges and reinforce the project’s global appeal.
This note explores NEOM’s hydrogen project, including:
- Revised fiscal framework to attract international offtake
- Saudi proposals for foreign entities
- Short-term output contingency plans
- Concerns over UAE parallel hydrogen push
