Aramco's Blue Dreams Turn Murky: Hydrogen Deals Stall, LNG Takes Center Stage

Dhahran, Tuesday, 5 November 2024.
Saudi oil giant Aramco faces setbacks in blue hydrogen ambitions, struggling to secure offtake agreements. This hurdle jeopardizes plans for 11 million tonnes of blue ammonia by 2030, potentially shifting focus to LNG. The energy transition hits a snag as market uncertainties loom large.