Asia's hydrogen sector may have lessons to draw from Adani-Snam deal

摘要

The move by India's Adani Group to seal a strategic deal in the hydrogen space with Italy's Snam may serve as a wake-up call for other energy firms in the region to increasingly tap the expertise of companies in Europe, where the push toward the carbon-free fuel is moving at a much faster pace than in Asia. Adani's move comes at a time when New Delhi is aiming to speed up the energy transition process through policy incentives while the economy slowly recovers from COVID-19. Analysts believe this might be the right time for commodity and energy corporate houses to join the bandwagon as any recovery packages and policies might increasingly have clean fuel clauses attached to them. "I see Adani playing a big role in both blue hydrogen and green hydrogen in India, given how aggressively they are moving both in the gas and in the renewable space," Ravinder Kumar Malhotra, president of the Hydrogen Association of India, told S&P Global Platts.