The impact of new fuels including hydrogen in the geopolitics of energy
Jorge Ferreiro
Senior hydrogen and derivatives analyst, specializing in the role of hydrogen in the energy transition
An Irena report published on Saturday forecast that the geopolitics of oil and gas, in which producer countries have the power to influence prices, would wane as new fuels including hydrogen become more dominant.
It concluded a “new cartography of energy geopolitics” and a revamped “hydrogen diplomacy” would emerge as production ramped up around the world.
“Hopefully the geopolitics of energy in 2050 will be less important than they are now, because people will have less dependency on small markets that can really influence global energy markets in an unpredictable way that we have today,” said Elizabeth Press, Irena’s director of planning.
Excited to see Uruguay mentioned “La Camera said the green hydrogen market was already growing “a bit faster than we had foreseen a couple of months ago”, pointing to recent deals in Germany, Uruguay and Brazil.”
IRENA Report
Geopolitics of the Energy Transformation: The Hydrogen Factor
Analysis in the Financial Times
Hydrogen power forecast to bring new dimension to energy geopolitics
CEO at Ewen Energy Co-Founder H2Mex
3 年And what type of transport on such long distance and what typical transport cost $/kg H2 ???
Energía & Ambiente
3 年'Don′t put all eggs in the same basket' ... seems that Chile and Australia are following that premise. I see that many countries links their eventual exports of H2 to a single country/ offtaker, and then, would need to diversify to reduce market risks.
Energy Transition | Decarbonization | Hydrogen | AI | Engineering | Intercultural Management & Leadership | Strategy | M&A | Sales | Business Development | International Projects | Technology Enthusiast | Global Citizen
3 年Really interesting to see!
Power-2-X project development, technologies and financing
3 年More important is content of the MoU's. What makes or breaks projects to produce green H2, methanol, kerosene is the business case. Offtake countries need to make it interesting if they want to receive green molecules. Not all countries look into this. An example are agreements between Brazil and various offtake countries. The countries indicate their interest in green H2/NH3 produced in a specific Brazilian location (interesting due to local conditions) without any financial support.However, the export of green H2, NH3, CH3OH molecules competes with local steel, fertilizer, concrete plants etc...As a project developer, we know it is more interesting to use the renewable electrons or green H2 locally except when offtake country is interested to contribute financially (like Germany is doing). Individual companies don't do this because they cannot afford such a premium on top of commercial price because it weakens their business cases (and they can also relocate their activities to cheap feedstock (electricity) countries. Therefore BA2C Europe / Latin America thinks new industrial greenfield projects will be announced to be located near the renewable energy sources in our favorite countries Chile, Colombia, Mexico & Brazil.