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AsiaElec GAS-FIRED GENERATION AsiaElec
in April, paving the way for increased LNG In addition to long-term import contracts
imports. GTCL managing director Md. Atiquz- with Qatar’s RasGas and Oman Trading Inter-
zaman told S&P Global Platts that the pipeline national, Bangladesh has signed supply deals
could carry around 1bn cubic feet (28.32mn with 14 global international LNG traders that
cubic metres) per day of regasified LNG, up from will allow the country to access spot cargoes and
a maximum of 650mn cubic feet (18.41 mcm) diversify its supply portfolio.
per day.
RENEWABLES
Green hydrogen costs predicted to fall
GLOBAL HYDROGEN produced by green electricity the chemical and refining industries that today
could be cheaper than hydrogen produced by make up the bulk of global hydrogen demand.
burning natural gas by 2030. “There is growing potential for hydrogen
Green hydrogen, which is made by electroly- to be used in transport, heating, industry and
sis by using electricity to split water into hydro- power generation,” said Shankari Srinivasan,
gen and oxygen, is now being produced on a Vice president, IHS Markit, Global and Renew-
commercial scale more widely, with falling costs able Gas.
boosting development, according to new analy- Both green hydrogen and so-called blue
ses from IHS Markit. hydrogen—methane reforming coupled with
“Costs for producing green hydrogen have carbon capture technology—are likely to play
fallen 50% since 2015 and could be reduced by a role in the energy future as demand expands.
an additional 30% by 2025 due to the benefits of Hydrogen’s overall share in the energy mix
increased scale and more standardized manufac- will ultimately depend on the extent of decar-
turing, among other factors,” said Simon Blakey, bonization that is desired, IHS Markit said.
IHS Markit Senior Advisor, Global Gas. In Europe, hydrogen could account for as
Investment in so-called “power-to-x” pro- much as one third of the energy mix if the aim
jects—of which hydrogen makes up the large was 95% decarbonization or greater.
majority—is growing rapidly. Investment is “In Europe it is now widely agreed that elec-
expected to grow from around $30mn in 2019 to trification alone cannot deliver the level of emis-
more than $700mn in 2023. sions reduction that many countries aspire to,”
Economies of scale are a primary driver for said Catherine Robinson, IHS Markit Execu-
green hydrogen’s growing cost competitiveness. tive Director, European Power, Hydrogen and
The average size for power-to-x projects sched- Renewable Gas.
uled for 2023 is 100MW—ten times the capacity “Hydrogen is a highly versatile fuel—both
of the largest project in operation today—accord- in terms of how it can be transported and the
ing to the IHS Markit Power-to-X Tracker, which variety of its potential end-use applications.
tracks hydrogen projects around the world. The greater the degree of a decarbonization, the
Hydrogen production that uses natural gas greater the likely role of hydrogen in the energy
as a feedstock, via a process known as methane future.”
reforming, currently supplies the hydrogen to
Week 29 22•July•2020 www. NEWSBASE .com P7
