NAFTA, EP Infrastructure (EPIF), Eustream and RWE Supply & Trading are are looking to jointly explore the potential development of state-of-the art blue hydrogen production facilities in eastern Slovakia. To this end the companies have now signed a Memorandum of Understanding. RWE Supply & Trading could off-take and import the produced hydrogen to Germany and other RWE core markets in Western Europe.
Slovakia’s natural gas sector is taking hydrogen quite seriously, getting itself ready to transport and store it. One result from their efforts is H2 Infrastructure (H2I), a research and development project that has been successful in the Important Projects of Common European Interest (IPCEI) challenge process. This success is visible in two specific projects involving transport (Eustream) and storage/dsitribution (NAFTA with SPP-distribúcia).
International energy company NAFTA a.s. has reported net profits for 2020 of 78.5 million euros. The severe impact of the COVID pandemic was felt in the previous year from an unprecedented drop in demand for both oil and natural gas. Nonetheless, an important milestone last year was NAFTA’s further expansion in the United Kingdom and consolidation of its position in Ukraine.
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NAFTA a.s. has entered into a Share Purchase Agreement with Cub Energy Inc. to own 100% of the license for the exploration and production of hydrocarbons around Uzhhorod, Ukraine.
