Confirmation of the H2Med pipeline linking France, Spain and Portugal provides an opportunity to build a ‘European hydrogen backbone’, according to Ursula von der Leyen, President of the European Commission.
It will be the first major hydrogen corridor for the European Union, and carry 10% of hydrogen consumption, equating to around 2m tonnes per year. The cost will be around €2.5bn.
She said, “I warmly welcome this agreement between France, Spain and Portugal. I welcome the imminent application to make it a project of common interest, which would make it eligible for EU financial support. The Iberian peninsula is set to become one of the main energy hubs.”
“Hydrogen is a game changer for Europe, we want to make hydrogen a central part of our energy system in the transition to climate neutrality and Net Zero, and we want to maintain our European trailblazer position as we build a global market for hydrogen. We are establishing hydrogen partnership with Mediterranean countries, we have one with Egypt and now discussing one with Morocco, and working on a broader green hydrogen partnership with all southern Mediterranean countries.”
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