New Energy
Green Hydrogen Seen Competing With LNG Within a Decade
- French company plans to market hydrogen to Asian buyers
- Australia will serve as the region’s hydrogen production hub
This article is for subscribers only.
The cost of clean hydrogen will fall to that of liquefied natural gas in a decade as global efforts to replace fossil fuels accelerate, according to Europe’s biggest operator of gas infrastructure.
“Green hydrogen today is not economically competitive against alternative energy sources, which will not be the case in 10 years’ time,” Thomas Baudlot, chief executive officer of energy solutions for Asia-Pacific at French utility Engie SA, said in an interview. The fuel is “very much part of the strategy of Engie.”