Engie and Saudi Arabia’s PIF sign agreement to develop hydrogen projects in the kingdom – The National
- Date: 13-Jul-2023
- Source: The National
- Sector:Oil & Gas
- Country:Saudi Arabia
Engie and Saudi Arabia’s PIF sign agreement to develop hydrogen projects in the kingdom – The National
Italy’s Engie and Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, have signed a preliminary agreement to jointly develop green hydrogen projects in the Arab world’s biggest economy.
The two parties will also be exploring opportunities that will accelerate the energy transition in the kingdom in line with the objectives of Saudi Arabia’s Vision 2030 initiative, Engie said on Thursday.
The deal allows the PIF and Engie to evaluate the feasibility of co-development opportunities.
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