Hydrogen Cost in Russia
The chart above illustrates Hydrogen price assessments, in US Dollar Cent per normal cubic meter (USD cent/Nm3), from May 2022 through May 2023, as described below:
- contract price, exw: Hydrogen, Russia, contract price, exw, formula
- cash cost, on-site: Hydrogen, Russia, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Hydrogen, Russia, cash cost, formula, off-site (large supplier)
Hydrogen contract pricing at the point of sale in Russia reached 17.40 USD cent per normal cubic meter in May 2023, representing a 20% decrease compared to April 2023. Throughout the twelve-month period from May 2022 to May 2023, Hydrogen prices in Russia experienced an overall decline of 58%. The operational cost for Hydrogen delivered on-site at typical consumer facilities in Russia was 13.80 USD cent per normal cubic meter in May 2023, marking a 25% reduction from the previous month. Considering the full year from May 2022 through May 2023, Hydrogen costs for on-site consumer operations in Russia fell by 63% cumulatively. The supply cost for Hydrogen from large commercial suppliers in Russia totaled 13.20 USD cent per normal cubic meter in May 2023, reflecting a 25% decrease from April 2023. Over the complete twelve-month span from May 2022 to May 2023, Hydrogen supply costs from large off-site suppliers in Russia decreased by 64% in total.
The figures shown are illustrative and represent a historical sample from Intratec Industry Economics & Competitiveness. For up-to-date monthly competitiveness benchmarks and industrial cost data across 33 countries, subscribe to Intratec Industry Economics & Competitiveness.
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About Hydrogen
Hydrogen is a vital utility in process industries, especially in refining and chemical manufacturing. It is used in hydrogenation reactions, hydrocracking, and as a reducing agent, playing a key role in producing cleaner fuels and specialty chemicals.