Qatar, South Korea form hydrogen pact
QatarEnergy, formerly Qatar Petroleum, said October 25 that it signed a framework agreement with South Korea's Hydrogen Convergence Alliance for the development of hydrogen as a source of energy.
“We are pleased to sign this agreement in the field of hydrogen energy, extending our strong relations into new horizons of cleaner energy,” said Qatari energy minister and QatarEnergy CEO Saad Sherida al-Kaabi. “We look forward to exploring more opportunities of cooperation in hydrogen as well as in solar energies, in addition to our long-established strategic partnership in the field of liquefied natural gas.”
The company this month changed its name from Qatar Petroleum to better align itself with the energy transition.
To that end, the company and Anglo-Dutch major Shell signed an agreement last week to pursue joint investments in blue and green hydrogen projects in the UK.
“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,” QatarEnergy said.
The agreement was signed on the sidelines of the UK Global Investment Summit and marked the first agreement on hydrogen between QatarEnergy and Shell.