Moscow manoeuvres to neutralise threat from Europe’s latest hydrogen push
Energy transition ushers in new chapter of EU-Russian co-dependence
European policies on climate emissions and clean energy are reshaping the balance of power between the EU and one of its main external energy suppliers: Russia.
Europe’s headlong rush to replace natural gas with clean hydrogen has prompted a strategic rethink at Gazprom, Russia’s state gas company that holds the monopoly over Russian pipeline gas exports. While forcing Russia’s hand is a triumph of EU climate leadership, Europe will need to develop alternative non-Russian sources in tandem to ensure Gazprom does not corner what is hoped to be a growing market for hydrogen supply.
The co-dependency between the EU and Russia around natural gas has long divided opinion across European capitals. While the old debate rages on, the next frontier is opening up: the race for market share to supply low- or zero-emissions hydrogen to the bloc.
Not for the first time, Europe is embarking on a quest for the Holy Grail of decarbonisation: a green hydrogen-based economy that pushes unabated natural g…