RUSSIA'S HYDROGEN UP
- Sep 21, 2021 5:44 am GMT
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The country's hydrogen strategy sees Russia as one of the world leaders in production and exports of hydrogen, targeting 20% of the global market by 2030 with hydrogen exports of 2 million mt/year by 2035 and 15-50 million mt/year by 2050.
The end-goal of 50 million mt/year of hydrogen exports would be equivalent to around 160 Bcm/year of natural gas.
With European gas spot prices having surged to record highs, all eyes at the Tyumen oil and gas forum in mid-September turned once again to the development of the hydrogen sector as a potential alternative for natural gas.
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