S&P analysis predicts that Russia is preparing to compete with Australia to produce hydrogen for growing Japanese demand.
S&P notes that Japan is quickly developing facilities to help import hydrogen. (Please see previous H2Go Power blog posts e.g. here about Japan’s plans to become a “hydrogen society”). S&P also notes Gazprom’s previous announcements about how it can create hydrogen from LNG and export to Germany. (See previous blog post here).
Rosatom, the Russian nuclear energy company, is also exploring ways of creating hydrogen from excess nuclear energy. Rosatom has also signed an agreement with Japan’s Agency for Natural Resources and Energy to explore how it can trade that hydrogen.
EnergyNet, the Russian consultancy, estimates that Russia could produce hydrogen for $3.38 per kilogram between 2020-25 and compete for a share of approximately 15% of the world hydrogen market by 2030. (PDF download of EnergyNet’s report here).