By 2050, about one quarter of the total global hydrogen demand could be satisfied through international trade. The other three quarters would be domestically produced and consumed. This is a significant change from today’s oil market, where the bulk (about 74%) is internationally traded, but it is similar to today’s gas market, of which just 33% is traded across borders. Of the hydrogen that would be internationally traded by 2050, around 55% would travel by pipeline, and most of the hydrogen network would be based on existing natural gas pipelines that would be retrofitted to transport pure hydrogen, drastically reducing […]
