QatarEnergy announced that it has signed an agreement with Shell to seek joint investments in blue and green hydrogen projects in the UK.

According to this agreement, the two companies will take advantage of integrated and scalable opportunities in the sectors, which can be decarbonized by hydrogen especially in the industrial and transportation sectors.

The two companies will use their expertise in developing large complex energy projects.

On this occasion, 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.”

For his part,  Ben Van Beurden, CEO of Royal Dutch Shell plc, also 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.”

It should be noted that this is the first agreement signed between QatarEnergy and Shell on hydrogen.