Abstract
Leading countries are developing clean energy to replace fossil fuels. In this context, Russia is changing its energy policy towards fostering new energy resources, such as hydrogen and helium. Hydrogen will not only contribute to Russia’s financial revenue by replacing natural gas, but will also provide a basis for it to maintain its dominance over the international energy market by pioneering new energy markets. Russia is aiming to produce more than two million tons of hydrogen fuel for export to Europe and Asia by 2035. However, it is facing many challenges, including developing hydrogen fuel storage systems, acquiring the technology required for exporting hydrogen, and building trust in the fuel market. Meanwhile, South Korea has a foundation for developing a hydrogen industry, as it has the highest capacity in the world to produce fuel cells and the ability to manufacture LNG: (liquefied natural gas) carriers. Therefore, South Korea and Russia have sufficient potential to create a new complementary and reciprocal cooperation model in the hydrogen fuel field. This study examines the present and future of Russia’s energy policy in this area as well as discusses South Korea and Russia’s cooperation plans in the hydrogen fuel sector and the related implications.
Highlights
Interest in the hydrogen industry has been rising globally
Since approximately three-quarters of hydrogen fuels are produced from natural gas, it is only natural that Russia, which has a high production of natural gases and high dependence on the exports of energy resources, is taking an interest in the hydrogen fuel industry, which will become a new global energy source
Russia is an oil and gas-rich country, which naturally actualizes the existence of Dutch disease syndrome
Summary
Interest in the hydrogen industry has been rising globally. Europe’s ‘green’. The first strategy is to make the most of the current major energy sources of Russia, such as crude oil, natural gas, coal, and nuclear power This is due to the country’s need to continue to centre energy development policy on crude oil and gas to maintain its strong position in the global energy market. Since approximately three-quarters of hydrogen fuels are produced from natural gas, it is only natural that Russia, which has a high production of natural gases and high dependence on the exports of energy resources, is taking an interest in the hydrogen fuel industry, which will become a new global energy source. Russia still has insufficient industrial conditions for utilizing hydrogen It is facing many challenges, including developing hydrogen fuel storage systems, acquiring the technology required to export hydrogen, and building trust in international society to supply hydrogen to Europe, South Korea, and Japan. This study discusses the future direction of Russia’s legislation of hydrogen production as well as the plans for and implications of cooperation between the two countries in the hydrogen industry
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