NJSC Naftogaz of Ukraine and German energy trading company RWE Supply & Trading have signed a memorandum of understanding. Both companies agree to explore mutually beneficial cooperation 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. The partners also intend to jointly consider the possibility to share knowledge of technical aspects along the value chain for green hydrogen.Working groups representing the two companies will start working together within the next month.