(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 18. The State Oil
Company of Azerbaijan (SOCAR) has attracted international
consulting companies to revise the 'green' strategy, Teymur Guliyev
from SOCAR said during the panel discussion within the seminar
themed 'Green Hydrogen - Path to Decarbonization', trend reports.
He noted that this process will be completed within six
According to him, the revision of the strategy covers issues
related to low carbon emissions and the reduction of greenhouse gas
Guliyev noted that Europe has high hopes for hydrogen and market
analysis shows that its demand for hydrogen will increase.
'It's expected that by 2030 the demand for hydrogen will be 20
million tons, 10 million tons of which will be produced in Europe,
and the rest will be imported,' he said.
Against this background, research is underway to transport
hydrogen through the Trans-Adriatic gas pipeline, and this process
is expected to be completed by 2024, added the official.
The seminar themed 'Green Hydrogen - Path to Decarbonization'
has been held through the support of AREA and Japan International
Cooperation Organization (JICA).
During the seminar, issues such as energy transition scenarios
for Azerbaijan, the potential for producing green hydrogen for
domestic use and export, as well as the investment climate in the
relevant area were discussed.
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.