Qatar Energy and Royal Dutch Shell have signed an agreement to jointly invest in blue and green hydrogen projects in the United Kingdom.

This cooperation aims to direct efforts towards integrated and scalable opportunities in key sectors where hydrogen can support decarbonization solutions, especially in industrial clusters and in the transport sector, with attention to the greater (London) region. This cooperation will exploit the ability of both parties to provide large and technically complex energy projects.

The agreement was signed on the sidelines of the World Investment Summit held by the UK government, under the patronage of Her Majesty the Queen of the United Kingdom and the British Prime Minister, and in the presence of major business and investment companies around the world.

Commenting on this occasion, His Excellency Eng. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President and CEO of Qatar Energy, said: “This agreement not only enhances the long-term strategic cooperation between Qatar Energy and Shell, but also creates a viable path for innovations and investments in types of energy. and low carbon fuel technologies across the UK energy sector, which is a major area of Qatar's energy investments. This agreement also underscores Qatar Energy's commitment to facilitating reliable access to cleaner energy around the world."

For his part, Mr. Ben van Beurden, Chief Executive Officer of Royal Dutch Shell said: “I am delighted to have reached this partnership, which deepens our strong relationship with Qatar Energy. Hydrogen will play a critical role in achieving a zero-emissions economy, as the momentum in this field increases. Qatar Energy, in collaboration with Shell, is supporting the UK’s transition to low-carbon energy and this fast-growing sector.”

This agreement is the first of its kind between Qatar Energy and Shell in the field of hydrogen, as it establishes an important framework for cooperation and joint investment to develop hydrogen solutions in the United Kingdom.