The move by the Netherlands would apply to both spot and long-term contracts. The nation is a transit country for gas supplies, meaning that the decision could have a broader European impact.
With the capability to produce and store liquified hydrogen where and when it is needed, the tipping point has been reached and the hydrogen economy is here.
The production cuts will probably lead to a real loss in supply and tighten global oil markets because those doing the cutting are largely pumping at their quotas.
France released strategic stockpiles of oil products in March to avoid fuel shortages as the strikes blocked fuel movements from many local refineries.
The debut of a vehicle using HiNa’s cells has battery experts reconsidering the potential for sodium-ion chemistries to play a role powering future EVs.
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