Australia proposes to be a big green hydrogen exporter to Asia

In its latest budget, the federal government has promised hundreds of millions of dollars to expand Australia’s green hydrogen capabilities. Green hydrogen is made by electrolysis of water, powered by solar and wind electricity, and it’s key to the government’s “technology not taxes” approach to meeting its climate target of net-zero emissions by 2050. The

Egypt signs an MoU with Norway for green hydrogen

Egypt signed a five-billion-U.S. dollar deal with Scatec, a Norwegian renewable energy company, to establish and operate a green hydrogen production facility with a capacity of 100 megawatts in the Suez Canal Economic Zone, Egypt’s cabinet said in a statement. Egypt also signed an agreement on the purchase of the produced green hydrogen with Scatec,

Optimization of several factors necessary for lowering the cost of clean hydrogen in US

Lowering the cost of clean hydrogen to jumpstart the US hydrogen economy will require alignment of a range of key factors, from project design and location to policy frameworks, panelists said during the S&P Global Hydrogen Markets Americas Conference. A hydrogen project must be strategically located to reduce transportation costs, it must involve the right

Biden using oil reserves to regulate gas prices

President Joe Biden ordered the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, a bid to control energy prices that have spiked after the United States and allies imposed steep sanctions on Russia over its invasion of Ukraine. The president said it was not known

Germany to ration power to manage gas supplies

Germany triggered an emergency plan to manage gas supplies under which Europe’s largest economy could ration power if a standoff over a Russian demand to pay for fuel with roubles disrupts or halts supplies. Moscow’s insistence on rouble payments for the Russian gas that meets a third of Europe’s annual energy needs has galvanised others

E ON signs an MoU with Forrest for $50 billion green hydrogen project

Australia iron ore billionaire Andrew Forrest has struck a potential $50 billion green hydrogen agreement with German energy giant E.ON to produce up to five million tonnes of green hydrogen by 2030. The landmark agreement could deliver one third of Forrest’s hugely ambitious plans to produce 15 million tonnes of green hydrogen by 2030, a

US considers hydrogen as solution for energy security

Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. Russia is a major supplier of oil and gas, and over the past few weeks a number of major economies have laid out plans to reduce their reliance on its hydrocarbons. On Friday, the

Indian energy companies formed an independent group for green hydrogen advocacy

Six renewable energy companies of India have formed an independent advocacy group for green hydrogen. The companies include Acme Group, Azure Power and Fortum India. The Independent Green Hydrogen Association (IGHPA) aims to engage with the government and other stakeholders to achieve India’s objective of becoming a green hydrogen and ammonia producing country and an

Sinopec plans to increase domestic LNG production

China’s state-owned oil and gas company Sinopec plans to boost natural gas production by 4.8% in 2022 and continue developing the gas supply chain to meet decarbonization and energy security targets, Chairman Ma Yongsheng said. “The natural gas business will not only support the company’s transformation, but also generate good profit, because of which we

Gazprom seeks gas payments in euros from GAIL

Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the U.S. currency in the wake of the Ukraine conflict. European countries and the United States have imposed heavy sanctions