Translation. Region: Russian Federal
Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.
The synthesis of traditional and alternative energy sources is currently the optimal solution for the development of the global energy sector, said Rosneft Chief Executive Officer Igor Sechin at the Energy Panel at the XXVIII St. Petersburg International Economic Forum.
According to the head of the Company, the search for new energy sources never stops, and today active work is underway to develop a number of promising technologies. However, their full implementation is still far away, since modern technological solutions in this area are too expensive and inferior to traditional energy sources in a number of parameters.
“For many years now, great hopes have been placed on the use of hydrogen. However, low-carbon hydrogen still accounts for less than 1% of all produced volumes. According to the consulting company Deloitte, the introduction of “green” hydrogen fuel will cost almost 10 trillion dollars by 2050,” noted Igor Sechin, adding that the cost of green hydrogen varies from 200 to 400 dollars per barrel of oil equivalent, which, in the current conditions, makes it uncompetitive compared to oil and gas.
He also stressed that using cheaper methods of hydrogen production does not reduce the carbon footprint, since the production of so-called “grey” hydrogen exceeds the emissions that occur during the full cycle of production and use of gasoline.
The introduction of space solar energy is also associated with large expenses, Igor Sechin emphasized. The head of the Company noted that the cost of a satellite capable of converting solar energy into electricity in space exceeds 30 billion euros, while there is still no technology that would allow transmitting huge amounts of energy to Earth from space.
The head of Rosneft also drew attention to the search for alternative options in the field of energy storage. “Alternative types of batteries are appearing, which already offer certain advantages, but are not yet ready for widespread implementation. For example, a sodium-ion battery reduces charging time by 75% and has higher performance at low temperatures, but is several times inferior to existing lithium-ion analogues in energy capacity and service life,” said Igor Sechin.
“As we can see, we are still very far from the full implementation of all these technologies. Therefore, today the optimal solution is a synthesis of traditional and alternative sources,” the head of Rosneft concluded.
Department of Information and Advertising of PJSC NK Rosneft June 21, 2025
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