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October 22, 2021

QatarEnergy and Shell to explore hydrogen projects

QatarEnergy and Shell have entered an agreement for collaboratively investing in hydrogen projects in the UK with an aim towards decarbonisation.

By MEED   

QatarEnergy, formerly Qatar Petroleum (QP), and Netherlands-based Shell have signed an agreement to pursue joint investments in blue and green hydrogen projects in the UK.

They will target integrated and scaleable opportunities in key sectors that hydrogen could help decarbonise, especially around industrial cluster development and the transport sector, focusing on the London metropolitan area.

The collaboration will exploit both companies’ expertise in delivering large and technically complex energy projects.

Qatar’s state minister for energy affairs and QatarEnergy president and CEO Saad Sherida al-Kaabi said the agreement reinforces the strategic partnership between QatarEnergy and Shell.

It is also expected to help create a viable path for innovation and investments in low carbon fuels and technologies across the UK’s energy sector.

QP launched a new sustainability strategy to reduce the emissions intensity of its liquefied natural gas (LNG) facilities by 25%, MEED reported earlier this year.

The new strategy aims to end routine flaring by 2030 and limit fugitive methane emissions. It also set a methane intensity target of 0.2% across all facilities by 2025.

Through the strategy, QatarEnergy has committed to using carbon capture and storage (CCS) facilities to draw more than seven million tonnes a year (Mt/y) of carbon. In December 2020, QatarEnergy said it planned to sequester this amount of carbon dioxide (CO₂) by 2027.

It also aims to add more than 4GW of renewable energy in Qatar, reducing CO₂ emissions by five million tonnes per year.

Energy Transition in the Middle East

A major new report from MEED looks at how the global shift away from fossil fuels is reshaping energy policy in the Middle East and North Africa and its impact on business and project investment.

Learn more about the report here

This article is published by MEED, the world’s leading source of business intelligence about the Middle East. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here.

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