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Excitement over natural hydrogen is building, but its potential to contribute meaningfully to global supply is unclear
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Chevron is a portfolio player in LNG
Japan Utilities US Majors Markets Carbon capture
Tom Young
9 March 2023
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Chevron sees hydrogen future in LNG market

The company is working with Japanese utility Jera to replace parts of the LNG value chain with hydrogen

US major Chevron is joining other oil and gas firms in investigating ways to use its LNG expertise to develop the hydrogen sector over the next decade. Chevron has set a goal to reduce the carbon intensity of its scope one, two and three emissions, and its decarbonisation strategy revolves around using CCS, offsets and hydrogen. The firm has formed an increasingly large part of the LNG market since the US started exporting volumes in 2016, becoming what is known as a portfolio player—meaning it operates a trading desk buying and selling both its own volumes and those of others. The US major now wants to bring that commercial and shipping expertise to the hydrogen sector, according to Jeff Gu

Also in this section
Letter on hydrogen: Gold rush
22 September 2023
Excitement over natural hydrogen is building, but its potential to contribute meaningfully to global supply is unclear
Governments must ‘synchronise’ supply and demand goals – IEA
22 September 2023
Imbalances between supply and demand ambitions risk derailing production growth, IEA warns
Certification ‘vital’ to global hydrogen market
22 September 2023
Hydrogen Council says new guidelines will help ensure free and fair trade of the fuel as market develops
IRA uncertainty chilling hydrogen investment – Plug
22 September 2023
Greater clarity on rules governing 45V tax credit needed to unlock investment in the US low-carbon hydrogen sector, Plug Power CEO Andy Marsh tells Hydrogen Economist

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