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| Russia eyes boosting its global market share of hydrogen by 20% in a decade | Russia eyes boosting its global market share of hydrogen by 20% in a decade |
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| Russia is planning to increase its share in the global hydrogen market by 20% by 2030, and to increase annual exports of the fuel up to 33.4 million tons by 2050, Deputy Energy Minister Pavel Sorokin said on Monday. | Russia is planning to increase its share in the global hydrogen market by 20% by 2030, and to increase annual exports of the fuel up to 33.4 million tons by 2050, Deputy Energy Minister Pavel Sorokin said on Monday. |
| “It is still difficult to provide exact numbers, but we believe that the exports can vary from one to two million tons in the worst-case scenario, while the brisk growth may lead to sales of up to seven million tons in 2035,” the official said. | “It is still difficult to provide exact numbers, but we believe that the exports can vary from one to two million tons in the worst-case scenario, while the brisk growth may lead to sales of up to seven million tons in 2035,” the official said. |
| According to Sorokin, the draft plan for developing Russia’s hydrogen energy has been approved, while the framework for the development of the country’s hydrogen industry is currently being worked out. | According to Sorokin, the draft plan for developing Russia’s hydrogen energy has been approved, while the framework for the development of the country’s hydrogen industry is currently being worked out. |
| Last year, the government included hydrogen energy in a broad energy strategy. According to the document, the nation is planning to export 200,000 tons of hydrogen by 2024. | Last year, the government included hydrogen energy in a broad energy strategy. According to the document, the nation is planning to export 200,000 tons of hydrogen by 2024. |
| In December, Russian Deputy Prime Minister Alexander Novak said the Russian Energy Ministry signed a long-term agreement on cooperation in the sphere of hydrogen energy with German partners. | In December, Russian Deputy Prime Minister Alexander Novak said the Russian Energy Ministry signed a long-term agreement on cooperation in the sphere of hydrogen energy with German partners. |
| In September 2019, the Russian state-run corporation Rosatom and Japan’s Agency for Natural Resources and Energy signed an agreement to export hydrogen from Russia to Japan. | In September 2019, the Russian state-run corporation Rosatom and Japan’s Agency for Natural Resources and Energy signed an agreement to export hydrogen from Russia to Japan. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |