"It is expected that by 2030 the need for hydrogen will amount to 20 million tons, 10 million of which will be produced in Europe and the rest will be imported," said Teymur Guliyev during the seminar "Green hydrogen - a path to decarbonization".
The State Oil Company of Azerbaijan (SOCAR) has engaged international consulting firms to review its "green" strategy.
This was announced by the representative of SOCAR - Teymur Guliyev at a panel discussion during the seminar "Green hydrogen - a path to decarbonization".
He noted that the process will be completed within six months.
According to him, the review of the strategy covers low-carbon issues and the reduction of greenhouse gas emissions.
Teymur Guliyev noted that Europe has high hopes for hydrogen and market analysis shows that the need for hydrogen will grow.
"It is expected that by 2030 the need for hydrogen will amount to 20 million tons, 10 million of which will be produced in Europe and the rest will be imported," he said.
According to him, on this background, research is currently being conducted in the field of hydrogen transportation along the Trans-Adriatic Gas Pipeline, and it is expected that this process will be completed by 2024.