Energy companies Provaris Energy, Uniper Global Commodities and Norwegian Hydrogen have signed a conditional term sheet for the supply, transport and offtake of hydrogen from Nordics to North-Western Europe. This provides the basis for negotiating a binding hydrogen sale and purchase agreement (SPA) targeted for June 2025.

As disclosed, an annual volume of 42,500 tonnes per year of RFNBO-certified hydrogen is set to be delivered as gaseous compressed hydrogen using Provaris’ H2Neo carriers. RFNBO – renewable fuel of non-biological origin – means that the fuel was produced via an electrolysis process, using renewable electricity to split water into hydrogen and oxygen.

Uniper will be the buyer of hydrogen at an agreed fixed price and the responsible party for the receiving terminal in North-Western Europe for delivery. Commencement of cargo deliveries is targeted for early 2029, for a minimum term of 10 years.