Hi,"Saudi Arabia Skips LNG, Bets Big On Hydrogen" - March 23rd,...

Hi,

"Saudi Arabia Skips LNG, Bets Big On Hydrogen" - March 23rd, 2021:

https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Skips-LNG-Bets-Big-On-Hydrogen.html

"During the company’s earnings call on Monday, Saudi Aramco CEO told investors that Aramco had abandoned immediate plans to develop its LNG sector in favor of hydrogen. Nasser said that the kingdom’s immediate plan is to produce enough natural gas for domestic use to stop burning oil in its power plants and convert the remainder into hydrogen. Blue hydrogen is made from natural gas either by Steam Methane Reforming (SMR) or Auto Thermal Reforming (ATR) with the CO2 generated captured and then stored. As the greenhouse gasses are captured, this mitigates the environmental impacts on the planet."

Cheers.