Hydrogen could compete with gas on price in Asia – panel
Large-scale projects targeting first output in the second half of this decade are negotiating offtake prices at parity with fossil fuels
Project developers in Australia’s nascent hydrogen industry are negotiating prices with offtakers that are competitive with existing fossil fuel products, delegates heard at an industry conference in Singapore on Wednesday. A number of large-scale export projects in Australia have been announced this year, most recently on Tuesday when Woodside Energy said it would invest A$1bn ($750mn) to build a hydrogen and ammonia production facility in Perth, Western Australia (WA). Developments are also underway in the country’s other major resource-exporting states of New South Wales and Queensland. Large-scale projects targeting first output in the second half of this decade are negotiating offtake p
Also in this section
3 May 2024
Australia’s Fortescue and France’s EDF Renewables among the successful bidders as second-round auction draws green hydrogen projects worth about $11b
1 May 2024
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research
1 May 2024
Low clearing prices in first European Hydrogen Bank auction reflect fierce competition for green hydrogen subsidies and buyers’ willingness to pay premium
1 May 2024
Japanese company launches test module at Takasago Hydrogen Park with aim to deploy megawatt-scale demonstration project of electrolyser technology