EnergyWatch

Hydrogen could undercut the LNG market

More than three quarters of the LNG supply could be impacted as the 2-degree scenario becomes more pressing and the move to even more sustainable fuels is in the cards.

Photo: Bloomberg/Bloomberg

77 percent of new LNG supply is under threat from more sustainable and renewable alternatives, such as green hydrogen, in the race to keep global warming at bay, shows a new report from energy research and consultancy firm Wood Mackenzie.

The report states that in the current 2-degree scenario, demand for gas will be pressured as the power sector increases its investments in renewables and energy storage, while non-power sectors have adopted new technologies and improved the efficiency of existing tech.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Trial banner

Latest News

See all jobs