Woodside signs hydrogen MOU with Tasmanian Government

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In parallel with the MOU, Woodside has executed a non-binding term sheet with Tasmanian natural gas retailer
Tas Gas to develop a framework for blending (and for the potential associated sale of) green hydrogen into the
Tasmanian gas network.

The MOU, announced Friday by Tasmanian Minister for Energy Guy Barnett, Minister for State Growth Michael
Ferguson and Woodside’s executive vice president sustainability Shaun Gregory, was signed by the Premier of
Tasmania the Hon. Peter Gutwein and Woodside CEO Peter Coleman.

Woodside CEO Peter Coleman said the agreement highlighted the Tasmanian Government’s commitment to
becoming a leader in large-scale renewable hydrogen production, decarbonising the challenging sectors in the
state’s economy and supporting local jobs, training and investment.

“Woodside shares the Tasmanian Government’s net-zero aspiration and welcomes the government’s leadership in
supporting the growth of a domestic hydrogen industry. The government has taken concrete actions such
as creating the Tasmanian Renewable Hydrogen Action Plan, establishing the Tasmanian Renewable Hydrogen
Fund and signing this MOU.

“Woodside is focused on moving beyond feasibility studies and is targeting hydrogen production at H2TAS in the first
half of 2023, following a targeted final investment decision in the third quarter of 2021. Importantly,
this project would create local construction and operational jobs and new opportunities for Tasmanian businesses,”
he said.

The term sheet with Tas Gas marks another significant milestone for H2TAS, the only Tasmanian project among
seven shortlisted in the Australian Renewable Energy Agency’s $70 million Renewable Hydrogen Deployment
Funding Round, with the final application submitted this month.

Tas Gas CEO Phaedra Deckart said Tas Gas is committed to helping reduce emissions through exploring the use of
green gases such as hydrogen.

“Our networks are relatively new and capable of safely conveying hydrogen, unlike older systems across
Australia,” she said.

The proposed H2TAS project is a renewable hydrogen project located in Tasmania’s Bell Bay Advanced
Manufacturing Zone, a heavy industrial precinct north of Launceston.
The proposal involves a 10 MW pilot project producing 4.5 tonnes per day of hydrogen for domestic use, targeting
the transportation sector.

H2TAS participants are Woodside (operator) and Countrywide Renewable Energy (CRE).