The Russian Energy Agency, which is part of the Russian Ministry of Energy, thinks it’s a good idea to create a unique exchange index to encourage the growth of hydrogen trading.
Alexei Kulapin, the agency’s head, revealed this during the Exchange Commodity Market 2021 seminar hosted by the St. Petersburg International Commodity Exchange (SPIMEX).
According to Kulapin, the potential amount of hydrogen exports from Russia by 2050 might reach 50 million tons, depending on the rate of global decarbonization and the rise in global demand for hydrogen. “In this context, it would be prudent to investigate the possibility of establishing an unique Russian stock exchange index to promote hydrogen trading.” “One of the German exchanges just initiated a similar program, with the goal of creating the world’s first hydrogen price index as early as 2022,” he added.
According to the REA’s president, hydrogen may be used not only to decarbonize the economy, but also to advance the fuel and energy complex’s technological capabilities. Furthermore, according to Kulapin, the export of hydrogen might become a crucial sector for diversifying the supply of energy supplies.
