Page 11 - FSUOGM Week 24 2021

FSUOGM POLICY FSUOGM

Russian hydrogen plan to arrive

in 1-2 months: Novak

RUSSIA RUSSIA could approve a long-awaited concrete need in order to come here.”
plan for developing hydrogen energy in the next The former energy minister added that Russia
The plan is expected one or two months, Russian Deputy Prime Min- was maintaining a good dialogue with partners
to focus on blue and ister Alexander Novak has said. from Germany, France, Austria and Australia on
yellow hydrogen. Russian government officials have claimed the hydrogen issue. Joint projects and the crea-
recently that the country could account for tion of special working groups were discussed.
20-25% of global hydrogen trade in the future, Other possible partners might be secured from
primarily by developing blue hydrogen from Japan, South Korea and Saudi Arabia.
natural gas and yellow hydrogen using its Russia’s hydrogen plans are almost entirely
nuclear energy plants. But the government has export-oriented. It believes it can become a
yet to draw up a clear plan for creating the neces- major hydrogen exporter to both Asia and
sary regulatory and fiscal conditions to create a Europe, leveraging its location right next to these
hydrogen energy industry. It had hoped to do so markets.
by the end of last year. Russia’s Gazprom Neft and Novatek signed
Novak said foreign investors had shown initial deals at SPIEF on producing blue hydro-
interest in hydrogen projects in Russia. gen to help Russian steelmakers Severstal and
“They offered the opportunities they can Evraz decarbonise their operations. State nuclear
provide,” he said, “[and] they asked what condi- company Rosatom agreed a similar partnership
tions Russia would have in order to develop these with mining and metallurgy group Metalloin-
projects...we want to understand what foreigners vest, but for using yellow hydrogen. ™

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