Asia-Pacific has developed one of the world’s largest hydrogen project pipelines, but most developments are still struggling to reach final investment decision (FID), according to the Energy Industries Council (EIC) Asia Pacific Hydrogen Report 2026.

The report tracks 221 projects across the region, representing about $407 billion in potential investment, yet only 6.46 GW of the 56.35 GW green hydrogen pipeline is currently under construction. 

Contract awards also declined sharply, falling from 54 in 2024 to 27 in 2025.

The EIC highlights that many large export-oriented projects and hydrogen hubs are stalled at the feasibility stage due to weak offtake agreements, infrastructure gaps, slow permitting processes, and supply chain constraints.

Australia leads the region on paper with 63 projects worth around $240 billion, followed by India with 60 projects valued at about $105 billion. 

However, Australia’s major projects have faced delays, reductions, or cancellations, while India is showing stronger progress with operational momentum and policy backed ammonia demand helping secure buyers earlier in the development cycle.

Japan and South Korea are emerging mainly as hydrogen import and demand centres rather than major producers, while Vietnam, Thailand, and Indonesia remain at an earlier stage of development and face higher policy and cost barriers.

Rebecca Groundwater, EIC’s Global Head of External Affairs, said: “Like other regions, Asia Pacific doesn’t have a problem with developing hydrogen projects on paper, but rather with building them. The projects moving forward are the ones with credible buyers, realistic economics, infrastructure in place and, most importantly, a clear policy direction.”

Globally, EIC data shows 1,175 hydrogen projects worth $1.423 trillion, but only 109 projects valued at $49 billion are expected to reach FID, reflecting significant sector-wide challenges in moving from planning to execution.