This could enable the long-term

This could enable the long-term economic survival of oil and gas firms after the energy transition is complete. Indeed, some GCC countries (for example, Saudi Arabia, the UAE, and Oman) have accelerated their hydrogen plans over the past year, in order to be early movers. The EU would be their most important market, as the bloc – alongside key European countries such as Germany, Italy, Spain, the United Kingdom, and France – has officially identified hydrogen as key to the energy transition. In the REPowerEU initiative and External Energy Strategy, the EU reiterated its strategic interest in hydrogen: its preference is for green hydrogen but it also has a pragmatic approach to other types. The EU has proposed comprehensive energy partnerships that begin with fossil fuels and accompany the transition towards hydrogen, clearly laying out an intention to import 10m tonnes of hydrogen by 2030 from a number of sources, including the Gulf monarchies. The GCC states also cooperate closely with European energy giants, medium-sized companies สล็อตเว็บตรง