Russia's LNG facility on Sakhalin island
Is Russia lost in transition?
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
Russia’s traditional strength as an energy superpower has relied on its fossil fuel wealth. Yet before its invasion of Ukraine in February 2022, Moscow had also set its sights on taking a leadership role in the global transition to cleaner energy, leveraging its substantial natural gas resources and CO₂ storage potential to become a major supplier of low-carbon hydrogen and carbon storage space to the rest of the world, as well as its vast forests to generate carbon credits. International sanctions have largely pulled the rug out from under these ambitions, barring access to critical technologies and markets for hydrogen, CCS services and carbon credits, constraining budgets and limiting int
Also in this section
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
28 January 2026
The development of hydrogen’s distribution system must speed up if the industry is to stand any chance of grabbing a meaningful slice of the low-carbon energy market
14 January 2026
Continent’s governments must seize the green hydrogen opportunity by refining policies and ramping up the development of supply chains and infrastructure
