Lion Energy Eyes Hydrogen Market in Australia.
[Natural Gas World] The Australian oil and gas explorer will establish a team of hydrogen experts and work with global players to build solar/wind farms and energy storage facilities.Sydney-listed oil and gas explorer Lion Energy would be entering the green hydrogen business, it said on May 5. The company will run the business under the name Lion H2 Energy.
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Tom Soulsby, Lion’s executive chairman, said:
We are excited to venture into green hydrogen to participate in the energy transition and to leverage Australia’s comparative advantage in renewable energy
The company said it will establish a team of hydrogen experts, which will form a Hydrogen Advisory Board. It will appoint experts to analyse optimal electrolyser locations in Australia. Lion will also set up joint ventures with global players to build solar/wind farms and energy storage facilities to produce green hydrogen for domestic and export markets, it said.
Lion believes Australia’s abundant renewable resources position the country for becoming one of the lowest cost green hydrogen producers, especially for the Asian market.
Lion at a glance
ASX listed oil and gas company with conventional PSC’s in Indonesia. • Focus on conventional oil and gas production and development, appraisal and step out exploration risk opportunities. Net production of around 40bopd from the Seram PSC which also contains the 1.5TCF Lofin gas/condensate discovery. Leveraging synergies in conventional assets and access to both infrastructure and markets. Exploring green energy opportunities in Australia. Executive team and strategic investors with impressive track records for value creation in Asia.
LION ENERGY EYES HYDROGEN BIZ, May 5 2021
