Natalia Gmucova

An economist by background, Natalia has eight years of experience providing strategic advice to energy companies, investment funds and governments on a variety of regulatory, market, strategic and investment challenges they face in the energy transition. Her expertise spans conventional (gas/LNG) and renewable gases (hydrogen, biomethane) and fuels, carbon markets, battery storage solutions, and critical minerals.

She has particular expertise in hydrogen and e-fuels, having conducted multiple market sizing and market-entry studies, regulatory assessments, and commercial advisory assignments focused on the role of hydrogen, e-fuels, and other renewable fuels in decarbonising energy systems and industrial sectors. In addition to market modelling, regulatory and technical analysis, her skillset extends to structuring and drafting of Hydrogen Purchase Agreements (HPAs).