Shell received regulatory approval for the Rome Export Pipeline in the Gulf of Mexico, linking to BP's Kaskida oil field. This expands Shell's production infrastructure and could boost future oil output and cash flows, increasing supply capacity.
Blue hydrogen markets in Q1 2026 faced upward cost pressure across Asia and Europe as disruptions to global natural gas and LNG supply chains increased feedstock costs. Asia remained particularly exposed because of its reliance on imported LNG, while the temporary disruption of tanker traffic through the Strait of Hormuz affected a route that normally carries around 20% of global LNG trade, tightening gas availability and raising production costs. Europe experienced similar pressure as elevated natural gas prices reduced the competitiveness of domestic gas-based hydrogen production. North America remained comparatively stable due to an abundant domestic natural gas supply and lower exposure to Middle Eastern disruptions, although higher upstream gas prices still influenced production economics. Demand from ammonia and fertilizer production continued to underpin hydrogen consumption, while supply-side constraints supported a firmer market sentiment through the quarter.
Analyst Insight
According to Procurement Resource, near-term, blue hydrogen cost signals are likely to stay firm where import-dependent feedstock conditions prevail, with modest easing only if supply disruptions abate.
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Blue hydrogen is a low-carbon form of hydrogen produced primarily from natural gas through steam methane reforming (SMR) or autothermal reforming (ATR), combined with carbon capture and storage (CCS) technology. Most of the carbon dioxide generated during production is captured and permanently stored, significantly reducing greenhouse gas emissions compared to conventional hydrogen production.
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Air Products , Air Liquide , Linde plc ,Shell plc ,Equinor ,Exxon Mobil
Blue Hydrogen, Low-Carbon Hydrogen, CCS Hydrogen, Carbon-Captured Hydrogen, Decarbonized Hydrogen
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Blue Hydrogen Production by: Blue hydrogen is produced by converting natural gas into hydrogen through steam methane reforming or autothermal reforming. During the process, methane reacts with steam and oxygen to generate hydrogen and carbon dioxide. Carbon capture systems then remove a large portion of the generated CO2, which is transported and permanently stored underground or utilized in industrial applications.
Blue hydrogen is used in petroleum refining, ammonia production, methanol manufacturing, power generation, steelmaking, and industrial heating applications. It is increasingly adopted as a transition fuel for decarbonizing hard-to-abate sectors and supports low-carbon energy systems while existing natural gas infrastructure and carbon capture facilities remain available.
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