‘New Fuels’ Take Over Commodity Markets Of The Future ...Middle East

OILPRICE - Economy
‘New Fuels’ Take Over Commodity Markets Of The Future
source : OILPRICE ( Middle East ) () 43
The energy transition and the global energy crisis have triggered deep transformations within international energy trade. To wit, hydrogen and hydrogen-based products, including ammonia and synthetic fuels, are expected to gain the upper hand at the expense of fossil fuels including coal, oil and natural gas in the long-term. If governments across the globe adopt the Announced Pledges Scenarios set out in 2021, energy trade in 2050 will be roughly at current levels but the energy mix will be very different with hydrogen-based fuels and critical…

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