“It’s inconceivable that [north-west Europe] will be self-sufficient in energy,' said Port of Rotterdam president Allard Castelein. 'It appears that Australia is in a very strong position to be one of the supply sources.' | CroweDM
Europe’s biggest hydrogen project is stepping up its search for Australian imports to help quadruple supplies of clean energy and cut the continent’s reliance on natural gas in the wake of the Russian invasion of Ukraine.
The Port of Rotterdam runs the hydrogen project, and its president Allard Castelein said his team had looked at more than a dozen countries and concluded Australia could produce hydrogen at a competitive price due to the cost profile of its renewable energy sources, even after adding the cost of shipping to the Netherlands.“If you look at the energy demands in north-west Europe, it’s inconceivable that we will be self-sufficient in energy,” he said.
“Europe will have a very, very hard time dealing with an abrupt supply disruption, which is not unlikely to materialise,” he said.The Rotterdam LNG import terminal is running at full capacity and the only other terminals nearby are at Zeebrugge and Dunkirk, while Germany is leasing floating import terminals. The International Energy Agency says theand that alternative suppliers might only provide 30 billion cubic metres within a year.
It wants to achieve commercial production and imports of hydrogen from 2025 so it can scale this up to 4.6 million tonnes each year from 2030, about one-quarter of the forecast for the EU.
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