Russia Prepares to Supply Europe with Hydrogen

Reading Time: < 1 minute

Russia is ready to supply Europe with what it considers the energy of the future: hydrogen. According to media reports, Russia immediately saw an opportunity to replace the oil and natural gas sales it makes to the EU, which will decline in the forthcoming decades, with deliveries of hydrogen. The infrastructure to do that is already available:  the Nord Stream 1/2, Turk Stream, Blue Stream, and Balkan Stream natural gas pipelines. But experts question whether Russia is technologically ready to provide hydrogen instead of natural gas.

According to the Russian Ministry of Energy’s roadmap to 2024, the country’s three energy giants: Rosatom, which coordinates the nuclear industry, and its two natural gas companies, Novatek and Gazprom, will play key roles in the process. Russia intends to remain an invaluable energy supplier for Germany, experts say.

Source: Novekedes.hu

 

CET Editor

Recent Posts

CEE mulls ramifications of Trump’s victory on trade, defence, environment

As Donald Trump officially declared his victory in the US election, he received congratulations from…

3 days ago

‘Budapest Declaration’ signed as Orban hosts EU summit

European leaders committed to developing a defence industry base and enhancing EU competitiveness at an…

3 days ago

EU, South Korea expand security, defence links

The EU and the Republic of Korea formalised a comprehensive Security and Defence Partnership in…

4 days ago

PKN Orlen CEE’s top firm on Coface 500 list

Poland is the dominant country in the Central and Eastern Europe (CEE) business landscape, with…

4 days ago

To the victor go the spoils – the big winners and losers of Trump’s second presidency – CET op-ed

Hungarian Prime Minister Viktor Orban, no stranger to political brinkmanship, went all in on Donald…

1 week ago

Moldova pivots to EU in presidential vote

Moldovan President Maia Sandu defeated her pro-Russian rival Alexandr Stoianoglo by around 55% to 45% in the presidential second-round…

1 week ago