Hydrogen will develop regionally before global market
First steps towards making hydrogen a tradeable energy commodity globally will likely be regionalised markets, says panel
Hydrogen will need another 15-20 years to become a commodity that is traded worldwide in the same way that coal, oil and gas are today, with regional patches of trading likely to emerge first, delegates heard at an industry conference in Singapore this week. The first steps towards making hydrogen a tradeable energy commodity globally will likely be regionalised markets, where the zero-carbon fuel can be produced and consumed locally, according to Philip Haydn Jones, chief commercial officer at Hong Kong-based green hydrogen developer InterContinental Energy (ICE). This will be complemented by long-term offtake contracts that will see volumes flow between Europe, the Middle East, Asia and Au
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges