Japan and South Korea currently import large quantities of LNG
The Japan-South Korea hydrogen sweepstakes
Both energy-poor countries are expected to be importing blue and green hydrogen in volume by 2028-30
Energy-poor and land-constrained Japan and South Korea are widely viewed as the greatest prizes in the low-carbon hydrogen export sweepstakes. Since 2017, they have both released roadmaps to develop hydrogen economies to counter domestic greenhouse gas (GHG) emissions and produce hydrogen-related technologies and equipment for export. Japan and South Korea are expected to be importing low-carbon hydrogen—the blue and green varieties—in volume by 2028 to 2030. To date, Japanese entities have signed a number of deals with foreign governments and companies to get the low-carbon hydrogen ball rolling, whereas the South Korean government appears to be taking a more systematic approach to sourcing
Also in this section
20 January 2025
China and India are leading the region in terms of electrolyser development, while Australia accounts for nearly half of Asia’s active hydrogen projects
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
