The Dutch national gas company Gasunie is about to set up a hydrogen exchange. The project was named HyXchange, and its concept is currently being worked out jointly with the country’s port administrations and market participants, Interfax reports.
The authors of the initiative expect that the exchange will serve to develop the market and will accelerate the mass use of the fuel of the future, which is considered to be hydrogen.
A preliminary study of the issue was carried out by the former director of the Netherlands Energy Exchange Bert den Ouden. In his opinion, first it is necessary to solve the certification problem, launch a spot market (at the very beginning – an imitation one), create a price index, mechanisms for balancing physical volumes and storing hydrogen.
The concept implies that all hydrogen, regardless of the method of production, will be transported in one network, as is the case with electricity or gas. The problem of various environmental friendliness will be solved through certification. They want to take into account the method of production and the degree of reduction of carbon dioxide emissions in the price index.
Earlier, the President’s Special Representative for Relations with International Organizations for Achieving Sustainable Development Goals Anatoly Chubais said that Russia would be able to retain its status as a great energy power by exporting hydrogen. He stressed that the country has a fantastic advantage in the form of a gas transportation system, with the help of which it is possible to supply new fuel to Europe.