The production of “green hydrogen” through electrolysis using renewable energy sources is too expensive, too high in energy consumption and risky in terms of access to fresh water, a top Gazprom executive said.
Whilst there is a unified energy policy for Europe, specificity is subject to national decision-making. This was stated by Peter Wilding, the new member of the Global Energy Board of Trustees, founder of the company British Influence and author of the term “Brexit”, in an interview with president of the Association Sergey Brilev.
Russian Deputy Prime Minister Alexander Novak told oil companies at a meeting to boost production levels at refineries in order to raise the level of fuel reserves to 1.6-1.7 million tonnes.
Saudi Arabia plans to switch its energy sources by 2030, with 50 % to be provided by gas and the rest from renewable energy sources, Energy Minister Prince Abdulaziz bin Salman said.