The signing of the memorandum is the 1st important step towards working with German partners to develop the hydrogen business and new green areas of activity for Naftogaz
Kiev, August 23 - Neftegaz.RU.
Naftogaz and RWE Supply & Trading agreed to explore opportunities along the full value chain of green hydrogen
and its derivatives like ammonia produced in Ukraine.
This includes the development of green hydrogen and ammonia production and storage in Ukraine and its import to Germany
This focus is particularly relevant in the context of the H2Global initiative launched by the German government for green hydrogen imports produced outside the EU.
Furthermore, Naftogaz and RWE intend to jointly explore commercial opportunities for the sale of Ukrainian green hydrogen in European
markets, with a focus on RWE’s core markets.
Naftogaz CEO Yuriy Vitrenko
- Ukraine has great potential for the development of the hydrogen economy in cooperation with Germany
As a national company, Naftogaz is ready to be a pillar of this development
We consider green hydrogen as our strategic priority and we are happy to work on it with RWE, our reliable partner in trade and gas supplies
The partners also intend to jointly consider the possibility to share knowledge of technical aspects along the value chain for green hydrogen.
Ulf Kerstin, Member of the Board RWE
Supply & Trading, said:
- Hydrogen will be key to the decarbonisation of the industry, as certain parts cannot be electrified with renewable energy
We are very pleased to jointly explore with Naftogaz opportunities for supply of green hydrogen from the Ukraine in future
Working groups representing the 2 companies will start working together within the next month.
According to Oleksiy Ryabchyn, advisor to the Naftogaz
CEO responsible for developing low-carbon businesses, Naftogaz is ready to be a driver for the implementation of hydrogen projects in Ukraine