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Home Oil & Gas Ukraine's Energoatom and Naftogaz join forces to develop hydrogen capabilities

Ukraine’s Energoatom and Naftogaz join forces to develop hydrogen capabilities

Ukraine’s National Nuclear Energy Generating Company, Energoatom signed a memorandum of understanding with national oil and gas company Naftogaz on cooperation in the field of hydrogen technologies.

According to the press release of Energoatom the parties agreed on joint projects to ensure Ukraine’s transition to a climate-neutral circular hydrogen economy by 2050. To achieve this goal, Energoatom and Naftogaz of Ukraine plan to work together on optimal solutions to integrate Ukraine’s energy sector with the European market, decarbonise the energy system, increase its energy efficiency and unleash the potential of Ukraine’s national hydrogen economy.

Petro Kotin, Acting President of Energoatom highlighted that building up hydrogen capabilities will only make sense if the hydrogen is produced environmentally friendly.

“Nuclear power plants are ideal for this task as they generate electricity environmentally friendly,” Mr Kotin pointed out. “Therefore nuclear energy should become the main source of clean hydrogen for the future market.”

Andriy Kobolev, CEO of Naftogaz noted that there is accelerating interest in hydrogen around the world with a rapidly developing international market for.

“Ukrainian hydrogen production may reach 40 gigawatts (GW) in the foreseeable future,” said the CEO of Naftogaz. “By using the existing capabilities and creating new green facilities for hydrogen production, as well as using existing and building new storage facilities with foreign partners, we can achieve these goals.”

Mr Kobolev emphasised that Ukraine is in a very advantageous position in terms of developing hydrogen capabilities for three reasons. First of all, Ukraine’s geographical location is favourable for becoming a supplier of hydrogen to neighbouring countries and Germany. The second is the availability of existing capacity. Last but not least, the emerging regulatory framework that aims to significantly reduce carbon emissions.

Energoatom and Naftogaz agreed to exchange information on issues of common interest, co-finance projects, build ties and involve each other in pilot projects.

Energoatom operates four nuclear power plants with a total installed capacity of 13,835 megawatts (MW) which provides about 55 per cent of Ukraine’s electricity consumption.

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