According to The Australian Financial Review, Japan's commitment to speed up its journey to net-zero carbon emissions by 10 years should accelerate the emerging trend towards carbon-neutral LNG shipments as well as put hydrogen exports on a fast-track, according to Australia's gas exporters.
The pledge announced by new Prime Minister Yoshihide Suga to reach net-zero emissions by 2050 "will drive innovation to accelerate zero-emissions LNG and also zero-emissions hydrogen products in the market," Santos chief executive Kevin Gallagher told The Australian Financial Review.
Santos examining a project tied to its CCS venture. Woodside has linked up with several partners to explore different elements in the hydrogen supply chain, including joining three Japanese companies to examine large-scale exports of hydrogen as ammonia, which can be blended with coal in power generation to reduce emissions.
When announcing the Japanese link-up on hydrogen in April, Woodside chief executive Peter Coleman said he expected to see large-scale hydrogen production around the world by 2030, which Woodside intended to be part of.
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