Total CEO, Patrick Pouyanne, stated during the IP Week conference that Total is keen on pursuing both blue hydrogen produced from natural gas with carbon capture and storage technologies and green hydrogen produced from renewable energy sources.
“Among the new technologies (in) which we have high interest is hydrogen, providing that demand will increase, because for the moment demand is quite limited,”
“If policies in Europe or in other countries like Japan are pushing to create a massive demand for hydrogen, we … want to be of course a massive producer of hydrogen.”
“Size will be fundamental — if we do not have size we will not be able to lower the cost of hydrogen, which will be the main challenge.”
“I make a similarity between the adventure in hydrogen to what we have done 40 years ago in LNG. For LNG we had to create an industry,”
“The first steps (in LNG) were also driven by identifying big customers.”
“The word transition does not mean that we can do everything in a minute. We need time because we need investment,”
“Renewables are even more capital intensive than oil and gas, so it will take time.”
