Sunday, 19 September 2021 07:44 GMT

Russia intends to exchange drop in gas exports to Europe with carbon neutrality

(MENAFN)In consort with Gazprom, Russia intends to exchange the possible drop in gas exports to Europe with ‘blue’ carbon-neutral hydrogen, since the country arranges to become the globe’s leading exporter of the emission-free fuel by 2030.

The department head of Gazprom Export, the trade arm of Russia’s top gas producer, Sergey Komlev said that the output of ‘blue’ hydrogen is already potential with the price projected at nearly USD2 each kilogram.

During an interview with Gazprom’s in-house magazine, Komlev announced “This will enable Russia to be the world’s top exporter of ‘blue’ hydrogen in the future, which will have a positive influence on the reputation of the gas sector, stop the process of gas assets’ devaluation, and lead to responsible financing of projects in the field of decarbonized natural gas.”

Moreover, the change to hydrogen came after the recent European policy of carbon neutrality, as well as its aim of decreasing its carbon footprint to zero by 2050 within the EU Green Deal, the temporary aim in this policy arranges a 55 ratios decline in productions by 2030.

Komnev continued “Reaching carbon neutrality means abandoning fuels that are sources of greenhouse gases [which] will inevitably affect the volumes of direct supplies of natural gas from Russia and, consequently, the amounts of export revenues from its sales.”

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