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UK Oil & Gas Investments ( (GB:UKOG) ) has issued an update.
UK Oil & Gas PLC’s subsidiary, UKEn, has signed a Memorandum of Understanding with National Gas Transmission PLC to collaborate on Project Union, a national hydrogen pipeline system. This partnership aims to connect UKEn’s planned hydrogen storage facilities in East Yorkshire and South Dorset with the pipeline, enhancing the UK’s hydrogen network and securing government revenue support. The collaboration is expected to facilitate the effective operation of the hydrogen network and position the UK as a leader in hydrogen production and storage.
More about UK Oil & Gas Investments
UK Oil & Gas PLC is a company operating in the energy sector, focusing on oil and gas investments. It is involved in the development of hydrogen storage solutions through its subsidiary UK Energy Storage (UKEn), with a market focus on integrating hydrogen storage with national pipeline systems.
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.69M
See more insights into UKOG stock on TipRanks’ Stock Analysis page.