Petronas eyes Asian hydrogen markets

Firm is moving ahead with green and blue hydrogen projects with goal of supplying existing LNG customers

Malaysia’s state-owned Petronas formed a hydrogen unit in 2020 as it looked to diversify its business in the face of fluctuating oil and gas prices and the global energy transition. Hydrogen Economist talks to Adlan Ahmad, head of hydrogen business at the firm, about how he sees the landscape for the new fuel. Tell us how Petronas came to set up its hydrogen unit? Ahmad: As an oil and gas player in the energy transition, Petronas has embraced the need to transform the way we conduct and operate our businesses. While fossil fuels are forecast to remain the largest portion of the energy mix till 2040 and remain the firm’s core business for the foreseeable future, we continue to reshape and p