BAKU, Azerbaijan, Sept.2. If hydrogen demand rises substantially and an efficient means to deliver this substance by sea appears, the global hydrogen trade may ultimately become a reality, Trend reports with reference to the Oxford Institute of Energy Studies (OIES).
“This, however, will also require certain other enabling factors, such as certain geopolitical considerations, and a favorable economic or political environment in the most promising prospective hydrogen producers or consumers. The analysis in this paper aims to better understand the nature of the technical, economic, and regulatory challenges that need to be addressed if H2 is going to become a truly global commodity,” reads the latest OIES report.
The report reveals that given the lack of geographic homogeneity around the globe (for example, the varying abundance of wind and solar resources), the conditions for hydrogen production in certain parts of the world will be more favourable than in others.
“This is why some countries will be more likely able to produce cheaper H2 than others, which will automatically create a precondition for hydrogen trade at least on a regional level. At the moment, this feature has already been reflected in the national hydrogen strategies of many countries who expect to play an important role in the to-be-created hydrogen economy.”
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