Platts launches new Middle East hydrogen prices

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:

Description

Symbol

Hydrogen Oman SMR with CCS $/kg

HYSBK00

Hydrogen Oman SMR with CCS (incl CAPEX) $/kg

HYSBL00

Hydrogen Oman SMR with CCS $/MMBtu

HYSBM00

Hydrogen Oman SMR with CCS (incl CAPEX) $/MMBtu

HYSBN00

Hydrogen Oman PEM Electrolysis $/kg

HYSBO00

Hydrogen Oman PEM Electrolysis (incl CAPEX) $/kg

HYSBP00

Hydrogen Oman PEM Electrolysis $/MMBtu

HYSBQ00

Hydrogen Oman PEM Electrolysis (incl CAPEX) $/MMBtu

HYSBR00

Hydrogen Oman Alkaline Electrolysis $/kg

HYSBS00

Hydrogen Oman Alkaline Electrolysis (incl CAPEX) $/kg

HYSBT00

Hydrogen Oman Alkaline Electrolysis $/MMBtu

HYSBU00

Hydrogen Oman Alkaline Electrolysis (incl CAPEX) $/MMBtu

HYSBV00

Hydrogen Qatar SMR with CCS $/kg

HYSAM00

Hydrogen Qatar SMR with CCS (incl CAPEX) $/kg

HYSAN00

Hydrogen Qatar SMR with CCS $/MMBtu

HYSAO00

Hydrogen Qatar SMR with CCS (incl CAPEX) $/MMBtu

HYSAP00

Hydrogen Qatar PEM Electrolysis $/kg

HYSAQ00

Hydrogen Qatar PEM Electrolysis (incl CAPEX) $/kg

HYSAR00

Hydrogen Qatar PEM Electrolysis $/MMBtu

HYSAS00

Hydrogen Qatar PEM Electrolysis (incl CAPEX) $/MMBtu

HYSAT00

Hydrogen Qatar Alkaline Electrolysis $/kg

HYSAU00

Hydrogen Qatar Alkaline Electrolysis (incl CAPEX) $/kg

HYSAV00

Hydrogen Qatar Alkaline Electrolysis $/MMBtu

HYSAW00

Hydrogen Qatar Alkaline Electrolysis (incl CAPEX) $/MMBtu

HYSAX00

Hydrogen Saudi Arabia SMR with CCS $/kg

HYSAA00

Hydrogen Saudi Arabia SMR with CCS (incl CAPEX) $/kg

HYSAB00

Hydrogen Saudi Arabia SMR with CCS $/MMBtu

HYSAC00

Hydrogen Saudi Arabia SMR with CCS (incl CAPEX) $/MMBtu

HYSAD00

Hydrogen Saudi Arabia PEM Electrolysis $/kg

HYSAE00

Hydrogen Saudi Arabia PEM Electrolysis (incl CAPEX) $/kg

HYSAF00

Hydrogen Saudi Arabia PEM Electrolysis $/MMBtu

HYSAG00

Hydrogen Saudi Arabia PEM Electrolysis (incl CAPEX) $/MMBtu

HYSAH00

Hydrogen Saudi Arabia Alkaline Electrolysis $/kg

HYSAI00

Hydrogen Saudi Arabia Alkaline Electrolysis (incl CAPEX) $/kg

HYSAJ00

Hydrogen Saudi Arabia Alkaline Electrolysis $/MMBtu

HYSAK00

Hydrogen Saudi Arabia Alkaline Electrolysis (incl CAPEX) $/MMBtu

HYSAL00

Hydrogen UAE SMR with CCS $/kg

HYSAY00

Hydrogen UAE SMR with CCS (incl CAPEX) $/kg

HYSAZ00

Hydrogen UAE SMR with CCS $/MMBtu

HYSBA00

Hydrogen UAE SMR with CCS (incl CAPEX) $/MMBtu

HYSBB00

Hydrogen UAE PEM Electrolysis $/kg

HYSBC00

Hydrogen UAE PEM Electrolysis (incl CAPEX) $/kg

HYSBD00

Hydrogen UAE PEM Electrolysis $/MMBtu

HYSBE00

Hydrogen UAE PEM Electrolysis (incl CAPEX) $/MMBtu

HYSBF00

Hydrogen UAE Alkaline Electrolysis $/kg

HYSBG00

Hydrogen UAE Alkaline Electrolysis (incl CAPEX) $/kg

HYSBH00

Hydrogen UAE Alkaline Electrolysis $/MMBtu

HYSBI00

Hydrogen UAE Alkaline Electrolysis (incl CAPEX) $/MMBtu

HYSBJ00

The new assessments are published in the Platts pricing database, and on Platts Dimensions Pro from Nov. 22 onwards.

Please send all feedback, comments or questions to hydrogenassessments@spglobal.com and pricegroup@spglobal.com For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.