QatarEnergy and Shell have signed an agreement to pursue joint investments in blue and green hydrogen projects in the United Kingdom
The partners will target integrated and scalable opportunities in key sectors where hydrogen could help decarbonise, especially around industrial cluster development and also for the transport sector, with a focus on the London metropolitan area. The collaboration will exploit both companies’ expertise in delivering large and technically complex energy projects.
The agreement was signed on the sidelines of the UK Global Investment Summit, hosted by HM The Queen and the Prime Minister, and attended by the world’s leading businesses and investors in the UK.
Commenting on the agreement, Saad Sherida Al-Kaabi, the minister of state for energy affairs, the president and CEO of QatarEnergy said, “This agreement does not only reinforce the long-lasting and strategic partnership between QatarEnergy 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. This agreement also builds on QatarEnergy’s commitment to provide reliable access to cleaner energy globally.”
Ben Van Beurden, CEO of Royal Dutch Shell plc, commented, “I am delighted to deepen an already strong relationship with QatarEnergy. 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.”
This is the first agreement on hydrogen between QatarEnergy and Shell. It establishes an important framework for collaboration and joint investment to develop hydrogen solutions in the United Kingdom.
This follows the rebranding of Qatar Petroleum to QatarEnergy as part of the efforts by the company concentrating on energy transition ahead of the COP26 climate summit in Glasgow.
QatarEnergy chief executive Saad Sherida Al Kaabi said that becoming QatarEnergy reflects the company’s understanding of the global changes and its response to the need to protect the planet and its environment.
