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.
