Page 12 - AsianOil Week 39
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       Australian Energy Minister Angus Taylor unveils the government’s hydrogen strategy.          Image: Canberra Times

                         Vision 2050: Delivering a Clean Energy  makes sense that it would also want to ensure
                         Future”, is that net-zero emissions can be  that billions are not wasted in the support of an
                         reached with hydrogen at half the cost of full  industry that a shift towards renewables threat-
                         electrification.                     ens to make obsolete.
                           Energy Networks Australia’s acting CEO,   Australian Prime Minister Scott Morrison
                         Tamatha Smith, said: “Policy settings aimed  announced in mid-September a slew of gas-fo-
                         at reducing emissions should recognise that  cused measures aimed at helping the economy to
                         continuing to use gas infrastructure is the low-  recover from the pandemic-induced recession.
                         est-cost option to reach net-zero emissions from  Among these were plans to “reset” the East Coast
                         the energy sector by 2050.”          gas market by encouraging both upstream and
                           Australian Petroleum Production and  mid-stream development.
                         Exploration Association (APPEA) CEO    Morrison committed AUD28.3mn ($20.66mn)
                         Andrew McConville said: “The report high-  of Commonwealth funding to find ways to unlock
                         lights the vital role of natural gas in emissions  five key gas basins, starting with the Northern
                         reduction through fuel switching from more  Territory’s Beetaloo Basin as well as Queensland’s
                         emissions-intensive fuels to gas. Gas is also  North Bowen and Galilee basins.
                         one of Australia’s most important exports,   Morrison is convinced that the key to the
                         contributing AUD47bn [$33.04bn] to our  country’s future economic success lies in boost-
                         economy in 2019-20.”                 ing domestic manufacturing with cheap gas
                           Canberra released its National Hydrogen  supplies. It is an ideology first promoted by the
                         Strategy in November 2019, making clear its  National COVID-19 Commission Advisory
                         goals around developing a leading hydrogen  Board (NCC), which has itself been questioned
                         industry. Since then the government has taken  over its lack of support for renewable energy
                         several important steps forward.     solutions.
                           Australia agreed in early September to con-  When pressed by a Senate committee in
                         duct a joint study with Germany on the devel-  August, NCC head Neville Power said his panel
                         opment of a hydrogen supply chain between the  had not looked at renewable energy in the wide
                         two countries. Australian Trade Minister Simon  energy context and that it was not the commis-
                         Birmingham described the agreement at the  sion’s role to “recommend specific projects”.
                         time as “critical” to developing “Australia’s future   By leaving the door open to blue hydro-
                         as a powerhouse in clean energy exports”.  gen coupled with CCS, the Australian gov-
                           The agreement follows a similar deal signed at  ernment may have found a way to support
                         the start of the year with Japan, and another with  the upstream industry in both the short,
                         South Korea in November 2019.        mid and long term. It remains to be seen
                           Australia, which last year took the global top  how the technology holds up and whether it
                         spot in terms on LNG exports, needs to future-  can match Canberra’s aspirations.™
                         proof its gas industry amid an increasing push by
                         the world’s biggest importers to embrace alter-
                         native fuels.                         Global affairs
                                                               To read more about events in the global
                         What next                             hydrogren indsutry, please see the latest
                         Given that the federal government has already   edition of NRG on Page 13.
                         committed to a gas-led economic recovery, it



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