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
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