The document, inked at a meeting in Ukraine, outlines the development of production capacity, creation of infrastructure, and unlocking of investment in the sector.
Denys Shmyhal, Ukraine’s First Deputy Prime Minister and Minister of Energy, said that the new partnership expands on the countries’ work across energy sectors and prioritises Ukrainian underground gas storage and joint gas production facilities.
Formalised in a meeting with Austria’s Federal Minister of Economics, Energy and Tourism, Wolfgang Gattmannsdorfer, the memorandum of cooperation comes alongside Austria contributing €15.5m ($17.9m) to Ukraine’s Energy Support Fund.
While details on undertakings of the partnership remain unclear, Shymyhal thanked Austria for providing Ukraine with equipment and for restoring production capacities.
Ukraine’s energy system, which has taken a major hit from Russia’s invasion, nevertheless maintains a large hydrogen production potential.
The IEA says producing 2.5 million tonnes of hydrogen a year could bring the country $18–22bn annually from steel and pipeline exports.
In April 2025, it was announced that Ukraine would supply green hydrogen from its planned Zakarpattia Hydrogen Valley to Slovakia’s EastGate H2V project.
Meanwhile, Austria is accelerating its production portfolio, having recently awarded four projects, including a 140MW plant scheduled for operation in 2027, a share of €274.8m ($319m).
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