December 23, 2021
2 mins read

Aussie energy giant eyes Asian markets

Woodside said it had signed a memorandum of understanding (MoU) with Singaporean conglomerate Keppel Corporation and Japan’s Osaka Gas to conduct a feasibility study into ultimately establishing a “stable supply chain…reports Asian Lite News

Western Australian (WA) oil and gas company Woodside has unveiled long-term plans to potentially supply liquid hydrogen to two major Asian destinations.

In a statement released on Wednesday, Woodside said it had signed a memorandum of understanding (MoU) with Singaporean conglomerate Keppel Corporation and Japan’s Osaka Gas to conduct a feasibility study into ultimately establishing a “stable supply chain of sustainable liquid hydrogen (LH2)” from WA to those companies’ home markets.

The MoU followed the October announcement of Woodside’s proposed gas facility, H2Perth, which will be created to supply international consumers, Xinhua news agency reported.

Woodside Chief Executive Officer Meg O’Neill said the 1-billion- Australian-dollar ($720 million) plant in the WA capital of Perth would be “ideally located” for shipping to Singapore and Japan, and noted that the site was “close to gas, power, water and port infrastructure, as well as a skilled local workforce.”

The H2Perth hub, which is due to be built in 2024, would have a target of 300 tonnes per day of hydrogen production, which could be converted into 600,000 tonnes per annum of ammonia or 110,000 tonnes per annum of LH2.

O’Neill said the MoU with Keppel and Osaka Gas complied with Woodside’s aim to “develop a diversified and scalable portfolio of new energy products to help reduce customers’ emissions.”

Woodside is keen to promote hydrogen because it does not emit carbon dioxide during combustion and is considered a promising next generation, low-carbon fuel that can be used in a range of applications including power generation, town gas and as an industrial feedstock.

The gas can also be liquefied by cooling it to minus 253 degrees Celsius, meaning LH2 takes up far less volume than in its original state, making it easier to be stored and transported.

Woodside’s feasibility study with its Asian partners is expected to take about six months “at which juncture the parties will decide on the next phase of their collaboration”, the statement noted.

ALSO READ: China bans entry of 4 US officials in retaliation to Xinjiang sanctions

Previous Story

Zardari Triggers Another Scandal

Next Story

Was there Pak plot to assassinate Ghani?

Latest from Asia News

Bangladeshi nationals urge for peace

Along with Bangladeshi nationals, medical students from Nepal studying in Bangladesh said that the country needs peace and also called for political change Amid growing unrest in Bangladesh, voices from within the

Pentagon to review withdrawal from Afghanistan

The review aims to provide accountability and transparency, examining previous investigations and decision-making processes that led to the tragic event The US Department of Defense has announced a comprehensive review of the

Indian diaspora in Japan backs Operation Sindoor

Members of the Indian diaspora in Japan have strongly endorsed Operation Sindoor, India’s targeted military response to the April 22 terror attack in Pahalgam, Kashmir, praising Prime Minister Narendra Modi’s leadership and

What Sri Lanka Can Learn from Pahalgam

If Sri Lanka’s support for India in combating terrorism is genuine, how can Pakistan—widely accused of using terrorism as a tool against India—be treated as an equal partner….writes A. Jathindra While references
Go toTop

Don't Miss

India, Australia Discuss Pharma Pricing, Critical Minerals in Trade Talks

India and Australia have already signed an Economic Cooperation and

N. Korean websites slam military drills

Earlier this week, South Korea and the US kicked off