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.
Russia is considering developing hydrogen projects based on nuclear, natural gas and renewables, and plans to capitalize on domestic resources, existing energy supply routes, and proximity to potential future consumers in Europe and Asia.
"We need a dialogue [with Europe] on this plan. It could be possible to negotiate that this de facto green hydrogen is recognized as de jure one," Gazprom Neft CEO Alexander Dyukov said Sept. 15 at the Tyumen forum.
Russian deputy energy minister Pavel Sorokin said during a hydrogen-focused session in Tyumen that there could be a "breakthrough" at some point for gas-based hydrogen. "We need to be ready for this," he said.
President Vladimir Putin earlier this month said Russia should also look into production of green hydrogen and ammonia in Russia's Far East, aimed at Asian customers, mainly China and Japan, "where demand will steadily grow in the next few decades."
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