REG - UK Oil & Gas PLC - UKEn signs MOU with National Gas

UK Oil & GasAnnouncement

01/10/2025 08:45

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RNS Number : 5961B  UK Oil & Gas PLC  01 October 2025

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(Withdrawal) Act 2018. Upon publication of this announcement, this information
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UK Oil & Gas PLC

("UKOG" or the "Company")

UKEn signs MOU with National Gas

UK Oil & Gas PLC (London AIM: UKOG) is delighted to announce that its
wholly-owned subsidiary UK Energy Storage ("UKEn") has executed a Memorandum
of Understanding ("MOU") with National Gas Transmission PLC ("National Gas"),
the nation's principal gas pipeline operator, transporting gas to power
stations, industries and 24 million homes. National Gas is developing the
national 100% hydrogen pipeline system, Project Union, aimed at connecting
future centres of hydrogen production, storage and consumption.

This MOU sets out both parties' intent to collaborate on the development and
implementation of Project Union and its direct connection to UKEn's planned
onshore salt cavern hydrogen storage facilities in East Yorkshire and South
Dorset. The collaboration will also support and strengthen both company's
activities related to securing government revenue support via the Hydrogen
Transport and Hydrogen Storage Business Model allocation rounds, now scheduled
to commence in H1 2026.

National Gas recognises the criticality of connecting Project Union's
pipelines to large  scale hydrogen storage, such as UKEn's, to buffer supply
and demand and thereby enable effective pipeline operations.

Project Union's first phase, scheduled for operation by 2032, aims to connect
the East Coast hydrogen cluster (Teesside to Humberside) with an envisaged
routing to connect with UKEn's East Yorkshire hydrogen storage project.

National Gas and UKEn both recognise that UKEn's planned South Dorset storage
would be critical to facilitate Project Union's connection to the south of
England. The South Dorset project being, to date, the sole planned national
scale hydrogen storage node in southern England.

Both parties also recognise that the connection of hydrogen storage facilities
to transportation pipelines, such as those planned by UKEn and National Gas,
will be essential to the effective future operation of the UK's hydrogen
network.

 

Stephen Sanderson, UKEn's Chief Executive, commented:

 

"We regard this MOU as an essential building block towards achieving our
mutually shared ambition of creating a joined-up hydrogen economy across the
UK, both north and south. We look forward to working with National Gas and to
the day that Project Union links seamlessly with UKEn's planned Yorkshire and
Dorset hydrogen storage."

 

Donald Oleforo, Head of Hydrogen Business Development, National Gas,
commented:

 

"At National Gas, we are committed to working together with industry,
government, regulators to develop the core hydrogen network that will
facilitate Britain's place as a world-leader in hydrogen production and
storage. This important industry partnership with UKOG is recognition of this
potential and marks our joint commitment to delivery."

 

For further information, please contact:

 

UK Oil & Gas Plc

Stephen Sanderson / Matt Cartwright / Kris Bone
 
                    Tel: 01483 941493

 

Zeus (Nominated Adviser and
Broker)

James Joyce / James Bavister / Andrew de Andrade
                      Tel: 0203 829 5000

 

CMC Markets (Joint Broker)

Douglas
Crippen
           Tel: 0203 003 8632

 

Communications

Brian Alexander
 
          Tel: 01483 941493

 

 

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