Oil majors see 2030 tipping point for clean hydrogen
Governments support initial expansion before new phase of competition kicks in, executives tell industry event
The clean hydrogen sector will evolve through two distinct phases of development through 2030 and beyond, according to oil and gas company executives. An initial ‘market-build’ phase will be heavily shaped by government incentives to support the scaling-up of supply and demand through to 2030 or 2035, followed by a second phase where projects will become exposed to far greater competition and scrutiny of returns on investment, they told Reuters’ ‘Oil and Gas Majors in Hydrogen’ event. “We see the (clean) hydrogen markets developing in different phases,” said Shirley Oliveira, vice president, hydrogen and CCUS advisory services at BP. “Between now and 2030 is really a sort of build-out of the
Also in this section
28 March 2024
Investment landscape is firming up in North African country with potential to become one of the world’s major exporters
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome