It hopes to create a $175bn a year market by 2050. It’s existing gas business with Europe is approximately $110bn.
This move works well with the general drive to decrease carbon emissions and also to promote hydrogen fuel cells, especially in Japan.
Part of the plan is also to mix hydrogen into its natural gas supplies.
(This blog has covered similar initiatives in the UK before)
Gazprom predicts this move would help reduce EU carbon emissions 62% by 2050. The EU’s total goal is 80%.