Australian gas could find a big new outlet in its traditional top export market, Japan, as the country pushes to switch to clean hydrogen fuel, the chief executive of Woodside Petroleum said on Tuesday.
Woodside CEO Peter Coleman said the opportunity was “huge” beyond 2030, by when he expected hydrogen fuel to be in production in large volumes worldwide, for fuel cells that could power cars and factories.
Japan is pushing to power the Tokyo Olympics in 2020 with hydrogen, as part of a long term drive towards a hydrogen economy. Japanese firms are working on pilot projects in Norway and Australia to produce hydrogen fuel using wind power and coal.
“It’s a game changer – hydrogen,” Coleman told reporters. Woodside has discussed the prospects of shipping hydrogen with Japan’s Chiyoda Corp, Coleman said. Read More