The Clean Hydrogen Economy and Saudi Arabia

  • Focus Area Regional Energy Markets Regional Energy Markets
  • Type Book/book chapter
  • Date 18 April 2024
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Abstract

This book provides a first-of-its-kind analysis of the emerging global hydrogen economy from the vantage point of one of the world’s biggest energy providers: Saudi Arabia. In 2021, and within the context of the Circular Carbon Economy framework, Saudi Arabia announced its goal to reach net-zero carbon emissions by 2060 and produce a substantial amount of clean hydrogen annually by 2030. The Kingdom is optimally situated geographically between the major demand markets in Europe and North Asia, from where it can leverage clean hydrogen exports as a potential tool to become a player of strategic importance and successfully diversify its economy under its Vision 2030 program. More broadly, the book charts a course for fossil fuel-exporting countries such as Saudi Arabia to carve a competitive position for themselves over the forthcoming decades using clean hydrogen as a catalyst for the energy transition.

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Authors

Rami Shabaneh

Rami Shabaneh

Senior Fellow- Oil & Gas Rami Shabaneh is a senior fellow in the Oil and Gas program, with a focus on global gas and hydrogen…

Rami Shabaneh is a senior fellow in the Oil and Gas program, with a focus on global gas and hydrogen markets. Rami has nearly 15 years of research and industry experience analyzing energy markets and energy policy. Before joining KAPSARC, Rami worked at Cenovus Energy as a market fundamentals analyst, providing analytic support on specific issues affecting North American gas, natural gas liquids and condensate markets. His work informed the company’s hedging strategies. Before working at Cenovus Energy, Rami spent three years as a research economist at the Canadian Energy Research Institute. He holds a B.Sc. in actuarial science and an M.Sc. in sustainable energy development from the University of Calgary.

 

Expertise

  • Natural Gas and Hydrogen

Publications See all Rami Shabaneh’s publications

Jitendra Roychoudhury

Jitendra Roychoudhury

Principal Fellow- Utilities & Renewables Jitendra Roychoudhury is a Principal Fellow in the Utilities and Renewables program. His ongoing research portfolio at KAPSARC covers various…

Jitendra Roychoudhury is a Principal Fellow in the Utilities and Renewables program. His ongoing research portfolio at KAPSARC covers various global and regional economic, energy, and geopolitical issues, policy developments, and the impact of such policies on international energy markets. Before joining KAPSARC, Jitendra was Director and Chief Consultant at HDR Salva, India. He has worked extensively as a commodity consultant within India’s energy and infrastructure sectors, advising on developing commodity market entry strategies. He has authored and contributed to numerous consulting studies on coal and coal policy in India, Indonesia, and China. Jitendra has a bachelor’s degree in Mechanical Engineering from the University of Pune, India, and a Post-Graduate Diploma in Business Management from Welingkar’s Institute of Management, Mumbai.

Expertise

  • Energy policy
  • Energy markets
  • Electricity markets
  • Commodity markets
  • Cross-border electricity trading
  • Geopolitics of energy and commodity trading
  • Coal and alternative solid fuels
  • Hydrogen
  • Critical minerals
  • Supply and value chains
  • Geothermal energy

Publications See all Jitendra Roychoudhury’s publications

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