Nov 23, 2021
S&P Global Platts has launched new daily cost-based prices of hydrogen in the Middle East, from Nov. 22.
Platts has previously launched cost-based prices for hydrogen in North America, Europe, Japan and Australia. The new addition extends this suite of prices to include one of the expected production hubs of hydrogen.
The new prices reflect the daily cost of hydrogen production via the following three pathways: proton exchange membrane (PEM) electrolysis, alkaline electrolysis, and steam methane reforming with carbon capture and sequestration. For all three production pathways, daily hydrogen prices will be published for the following countries: Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Platts publishes a set of hydrogen prices reflecting feedstock costs alone, as well as a second set including additional assumptions for capital expenses (CapEx).
Prices are published in $/kg, and $/MMBtu.
Electricity costs are based on daily electricity power prices per country based on market research and tracking seasonal changes in these prices where existing.
Middle East natural gas prices for the SMR with CCS path will be based on Platts LNG FOB Mid East 25-45 Days prices (AARXQ00), less a gasification cost based on market research.
Electrolysis assumptions for PEM and alkaline will be based on market research including IEA’s The Future of Hydrogen.
Daily water prices would be based on market research for each of the different countries.
In line with availability of major inputs, the assessments will follow the Singapore holiday schedule.
The published prices are as following:
The new assessments are published in the Platts pricing database, and on Platts Dimensions Pro from Nov. 22 onwards.
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