Saudis Demand Hydrogen Enthusiasts Back their Hype with Money
18 hours ago Eric Worrall 36 Comments
Essay by Eric Worrall
“… we will not sanction a project without securing an off-take agreement.”.
Aramco Weighs LNG Exports as Hydrogen Talks Prove Tough
May 11, 2023
Aramco weighs LNG exports as hydrogen talks prove tough.
Saudi Aramco is weighing exports of liquefied natural gas instead of blue hydrogen, as talks with potential buyers of the latter fuel prove tough.
…
Yet existing technology means blue hydrogen could cost the equivalent of around $250 a barrel of oil, Aramco’s chief executive officer said.
Amin Nasser, for blue hydrogen said on a call with analysts:
It is very difficult to identify any off-take agreement in Europe.
“Even the customers in Japan and Korea are waiting for government incentives. Until they get these incentives, it’ll be costly for them to pursue that blue hydrogen.”
https://wattsupwiththat.com/2023/05/11/saudis-demand-blue-hydrogen-enthusiasts-back-their-hype-with-money/
