Future of Energy event: Switching from natural gas to hydrogen ‘unrealistic,’ says Uniper CEO
The notion that the energy market can switch from natural gas to green hydrogen is “completely unrealistic,” according to Uniper CEO Michael Lewis.
Speaking at the Gas, LNG and Future of Energy conference in London, he said, “The cost of green hydrogen is extremely expensive, around eight to 10 times the cost of natural gas. So that’s not an option if we want to keep Europe as an industrial powerhouse.” He described the current market changes as a “necessary recalibration”.
Echoing sentiments throughout the two-day conference, Lewis said natural gas has huge advantages as it is abundant, affordable and flexible.
… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld
Register today
You’ve reached your weekly limit to access free articles!
Want to keep reading?
Please register for free and create a profile to gain access to this full article and gasworld’s daily news.
For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other gasworld archives, please consider subscribing.
Alternatively, you can continue reading more articles as a guest on Friday, 13th June at 11:52PM
