This week in energy: hydrogen ambitions advance, Indonesia’s net zero momentum and an Aussie flavour

Each week, the Asia Natural Gas and Energy Association (ANGEA) compiles stories from the energy world that have caught our eye.  

Given the region in which we operate – and our purpose – this collection of content is largely Asia-focussed. But we also look further afield, knowing that developments, trends and technology from around the world also have an impact across our region.  

Here’s what’s resonated over the past seven days… 

Japan ups the hydrogen ante
It’s well known that Japan was the world’s first country to release a national hydrogen strategy in 2017 – and now it has an updated plan that charts the full scope of its hydrogen ambitions. 

As part of this week’s announcement, a US$107 billion investment will see Japan expand its hydrogen supply sixfold from the current level of 2 million tons to around 12 million tons by 2040. 

Read more: https://bit.ly/43bXwDf 

Another step toward H2 ‘travel’
On the topic of hydrogen, one of the biggest challenges in its development as a future fuel and energy vector has been how to transport it securely across long distances under high pressure. 

The physical nature of hydrogen can cause steel pipes and welding to become brittle. It’s excellent to see ANGEA member ExxonMobil partnering with Japan’s second-largest steelmaker, JFE Steel, on a solution to this issue that could be commercially viable within a couple of years. 

Read more: https://s.nikkei.com/45ZOmLG 

Talking energy security in Thailand
In ANGEA-related news, it was our great privilege to partner with the Petroleum Institute of Thailand during to host a public lecture in Bangkok on the theme of “Energy Security Challenges for Emerging Economies: How a country should manage risks during energy transition to sustain growth.”

The lecture was delivered by Jon Fredrik Müller, Senior Partner and Head of Consulting Asia-Pacific for Rystad Energy, and focussed closely on the recent Rystad Study Into Energy Security in Southeast Asia.

We’re very grateful for the support of Dr Kurujit Nakornthap (pictured above with Jon Fredrik) and the team at PTIT for their support, and also Jon Fredrik for his very thorough presentation. We’d also like to thank the more than 160 attendees, who participated in person and online.

The Rystad Study is an incredibly detailed document that contains key recommendations that are not only relevant to energy transition in the study countries (Thailand, Vietnam and Indonesia) but Asia more widely.

Access the study: https://bit.ly/3WAEKCT
Read our blog: https://bit.ly/3MQLfyc 

Gas as the key to credible energy transition
ANGEA CEO Paul Everingham was in the news this week, through an interview with The Energy Republic ahead of LNG 2023 in Canada. 

Paul touched on the Rystad Study, the growing role forecast for gas in many Asian nations and why LNG is so important to energy transition in the region. 

Read more: https://bit.ly/3NhFtpx 

Indonesia’s net zero momentum continues
Indonesia’s energy transition is the focus of much global attention – and it was very encouraging to read reports this week that it could reach net zero by 2055, five years ahead of the current official target. 

Increased use of the country’s natural gas resources for electricity generation and significant investment in carbon capture and storage will be critical to supporting growing uptake of renewable energy. 

Read more: https://bit.ly/3MSCoL5  

Key Aussie gas project hits new milestone
The Gorgon Project, situated on Barrow Island of the north-west coast of Western Australia, is a key supplier of LNG exports to Asia. 

It’s actually the single biggest resource project ever undertaken in Australia, quite the achievement given that country’s history in mining and energy production. 

Gorgon, operated by ANGEA member company Chevron, reached a new benchmark this week with first gas production from its second stage – the latest milestone for a project that is expected to operate into the 2050s. 

Read more: https://bit.ly/43oAU2p 

Australian Prime Minister talks energy in Asia
Rounding out with more Australian flavour, it was pleasing to see Australia’s Prime Minister Anthony Albanese in Singapore and Vietnam over the past 10 days, engaging in productive discussions around energy transition. 

Australia is a vital energy partner for Asia, including supplying gas that will help fast-growing economies like Vietnam move to lower carbon power generation. 

Prime Minister Albanese has publicly acknowledged the importance of natural gas to both Australia’s economy and the energy security and net zero aspirations of export partners in Asia. 

ANGEA is an industry association representing LNG and natural gas producers, energy buyers, suppliers and companies in APAC. Based in Singapore, it works in partnership with governments and societies across the region to deliver reliable and secure energy solutions that achieve national economic, energy security, social and environmental objectives and meet global climate goals.