Global Research Scholar
Asia + Pacific China Europe Middle East + North Africa Energy Security Hydrogen Natural Gas
To reduce Germany’s energy consumption while shielding consumers from high energy prices, the government announced in September 2022 a “protective shield” for which up to €200 billion would be available.
Russia’s invasion of Ukraine has seriously damaged the country’s reputation as a reliable gas supplier.
Rapid decarbonization efforts have been turning to novel low-carbon hydrogen applications as a potential solution for hard-to-abate sectors.
Global gas markets are experiencing a period of unprecedented tightness that has worsened since the Russian invasion of Ukraine in February 2022, as illustrated by the record spot prices of well above $50/million British thermal unit (mmBtu) in Asia and Europe as of early September 2022.