Search

Hydrogen

Tuesday
13 Apr 2021

Russia Eyes 20-25pc in Global Hydrogen Trading by 2035

13 Apr 2021  by argusmedia.com   
Russia plans to achieve a 20-25pc share of global hydrogen trading by 2035, deputy energy minister Pavel Sorokin said today.

The Russian government is yet to release a on how it aims to reach this target, Sorokin said today that there are different scenarios of global hydrogen market development for the years to come.

"Our goal is to obtain 20-25pc of global hydrogen trade… It is still difficult to assess this goal in numbers — it can be 1mn-2mn t under a low scenario, or up to 7mn t in 2035 if there is active, fast development", he said.

Under the government's energy strategy that was approved in June last year, Russia outlined plans to take advantage of the country's proximity to potential markets in Europe and Asia-Pacific, and envisaged 200,000t of hydrogen exports in 2024 and 2mn t in 2035. The more optimistic scenario, outlined by Sorokin today, sees Russia exporting 1mn t in 2024 and 7mn t in 2035. He said that by 2050, Russia could be exporting between 7.9mn-33.4mn t/yr, depending on the pace of development of global hydrogen market.

There is no clarity about how the hydrogen will be transported. State-controlled Gazprom and state-owned nuclear corporation Rosatom are working on several pilot projects to produce and transport hydrogen, and oil companies including state-controlled Rosneft and privately-owned Lukoil have said that they plan to develop hydrogen production.

Options for transporting hydrogen include repurposed gas pipelines, liquefaction and using ammonia as a vector.

More News

Loading……