Equinor has dropped its plans to export blue hydrogen from Norway to Germany, according to reports.
The Norwegian oil and gas major previously agreed with RWE to build a hydrogen supply chain to decarbonise power plants in Germany. However, H2 View understands the plans have been scrapped due to insufficient demand, inadequate regulatory framework and high prices.
The total cost of the pipeline was reported to cost around €3bn ($3.35bn), whilst the total supply chain could have also reached the “tens of billion euros range”.
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