QatarEnergy, Shell ink UK hydrogen pact

LNG giants QatarEnergy and Shell have signed a deal to pursue joint investments in blue and green hydrogen projects in the United Kingdom.

Under the agreement, the partners would target integrated and scalable opportunities in key sectors where hydrogen could help decarbonize, especially around industrial cluster development and also for the transport sector, with a focus on the London metropolitan area, QatarEnergy said in a statement.

The collaboration would exploit both companies’ expertise in delivering large and technically complex energy projects, it said.

Also, this is the first agreement on hydrogen between the two firms.

“This agreement does not only reinforce the long lasting and strategic partnership between Qatar Energy and Shell, but also creates a viable path for innovation and investments in low carbon fuels and technologies across the UK’s energy sector, a key area of investment for QatarEnergy,” Qatar’s energy minister and chief executive of QatarEnergy, Saad Sherida Al-Kaabi, said.

“Hydrogen will play an important role in helping society reach net zero and momentum is growing. QatarEnergy’s expertise, in collaboration with Shell’s, will support the UK’s energy transition and help propel this fast-growing sector,” Shell’s CEO Ben Van Beurden, said.

- Advertisements -
spot_img

Most Popular

Baker Hughes bags contract for second Pluto LNG train

US energy services firm Baker Hughes has won a contract to supply equipment for the expansion of Woodside's Pluto...

Petrobras transfers Bahia LNG ops to Excelerate Energy

Brazil’s state-owned energy firm Petrobras said it has transferred operations of the Bahia LNG terminal to Texas-based floating LNG...

Hudong, COSCO ink deal for three new LNG carriers

Chinese shipbuilder Hudong-Zhonghua has officially signed a deal with compatriot shipowner COSCO and a unit of energy giant CNPC...

More News Like This

QatarEnergy inks another deal to supply LNG to China

LNG giant QatarEnergy said it has entered into a 15-year deal to supply LNG to China's S&T International. Under the...

Rotterdam LNG bunkering volumes jump in Q3

The Dutch port of Rotterdam reported a surge in its quarterly LNG bunkering volumes, while the port also hosted...

Shell says Prelude FLNG still offline after fire

Shell is still working to restart production at its giant Prelude FLNG located offshore Australia following an incident last...

QatarEnergy pens long-term LNG supply deal with China’s Guangdong Energy

LNG giant QatarEnergy said it has entered into a 10-year deal to supply LNG to Chinese state-owned utility Guangdong...