Business
UKEn signs MOU with Wales & West Utilities
UK Oil & Gas PLC's subsidiary, UK Energy Storage, has signed a Memorandum of Understanding with Wales and West Utilities to collaborate on connecting UKEn's planned South Dorset salt-cavern hydrogen storage to WWU's proposed "HyLine South West" hydrogen pipeline system. This collaboration aims to facilitate a joint submission for government revenue support under the Hydrogen Transport and Storage Business Model and promote the development of hydrogen infrastructure in the South West of England. This agreement complements UKEn's existing MOU with National Gas, enhancing its potential for national-scale connectivity. Disclaimer*
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this information is now considered to be in the public domain.\n \nUK Oil & Gas PLC\n(\"UKOG\" or the \"Company\")\n \nUKEn signs MOU with Wales & West Utilities\n \nUK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that its wholly owned clean energy subsidiary, UK Energy Storage (\"UKEn\") has signed a Memorandum of Understanding (\"MOU\") with Wales and West Utilities Limited (\"WWU\"), the principal gas pipeline operator in Wales and the South West, who supply gas to around 7.5 million customers in the region. WWU plans to develop \"HyLine South West\", a 100% hydrogen pipeline system to connect hydrogen suppliers, offtakers and storage within the region.\n \nWWU recognise that connection to sufficient hydrogen storage to buffer supply and demand, such as UKEn's planned South Dorset project, will be critical for the effective future operation of HyLine South West and the establishment of the region's future hydrogen economy.\n \nConsequently, the MOU sets out both parties' intent to collaborate with the agreed aims of:\n \na) Linking HyLine South West's pipeline directly or indirectly with UKEn's South Dorset salt-cavern storage (being, to date, the sole planned national scale salt-cavern hydrogen storage node in southern England);\nb) Making a potential future joint submission for revenue support via the Government's Hydrogen Transport and Storage Business Model (\"HTSBM\") allocation round process;\nc) Working closely together to promote the development of hydrogen pipelines, storage and the wider hydrogen network in the South West and across WWU's wider operating area.\n \nBy adding potential regional pipeline connectivity to the South West, this new MOU complements UKEn's MOU with National Gas (see RNS of 1st October 2025), which envisages national scale connectivity via a direct link of National Gas' Project Union pipeline to UKEn's storage.\n \nStephen ...