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QatarEnergy and H2Korea sign hydrogen energy cooperation agreement

10/25/2021

Press Release QatarEnergy and H2Korea – Monday 25^th October 2021

QatarEnergy and Korea’s Hydrogen Convergence Alliance (H2Korea) signed an agreement for cooperation in the field of hydrogen energy.

The agreement provides a framework of cooperation in the development of the hydrogen sector in both countries, encouraging growth of the hydrogen industry and expansion of the hydrogen supply chain, in addition to supporting efforts within multilateral fora to accelerate cooperation for hydrogen related technologies worldwide.

His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and His Excellency Mr. Sung-Wook Moon, the Minister for Trade, Industry and Energy in the Republic of Korea witnessed the signing of the agreement, during their meeting in Doha.

In his remarks on the signing of this agreement, His Excellency Minister Al-Kaabi hailed the solid ties and historical long-term partnership between Qatar and Korea in the field of energy and expressed the mutual desire of the two countries to further build and expand on this partnership for many decades to come.

Minister Al-Kaabi said: “We are pleased to sign this agreement on hydrogen to expand our strong relations into new horizons of cleaner energy including our long-established strategic partnership in the field of liquefied natural gas. We believe hydrogen has an important role to play in the energy transition towards an affordable, reliable and clean energy system, but only if relevant competent entities, such as QatarEnergy and H2Korea, join hands to achieve this goal.”

The Hydrogen Convergence Alliance (H2Korea) is a public-private consultative body established by the Korean government in 2017 to promote and develop the hydrogen industry with the aim of achieving an early hydrogen economy society in the Republic of Korea and to act as a bridge between the public and the private sector by exploring policy tasks, supporting businesses, international cooperation projects, and public relations projects.