An ambitious underwater pipeline to bring hydrogen from the Iberian Peninsula to the rest of Europe will be completed by 2030 and cost some 2.5 billion euros, the leaders of France, Spain and Portugal said Friday.
An underwater pipeline to carry green hydrogen between Spain and France will cost about €2.5 billion euros, Spanish Prime Minister Pedro Sanchez said on Friday, adding he hoped the European Union would partly fund the project.
The pipeline between Barcelona and Marseille will have a capacity of 2 million tonnes a year and be ready by the end of the decade, Sanchez said at a summit of Mediterranean European Union leaders in the southeastern Spanish port city of Alicante.
🚨#H2Med hydrogen corridor announced🚨
— James Kneebone (@JamesKneebone1) December 9, 2022
Connects 🇵🇹➡️🇪🇸 and then 🇪🇸➡️🇫🇷. Linking Iberian production & storage capacity to continental grid. Major bottleneck set to be overcome, huge step for #RepowerEU.
🟢 Operational by 2030
💰 PCI applicant
👏👏
⬇️https://t.co/LEvLnTNgRv pic.twitter.com/fnkFAiPMkv
"It is going to be the first major hydrogen corridor in the European The decision to pursue the project comes as an energy crisis caused by the war in Ukraine has accelerated European plans to bolster renewable energy as an alternative to Russian gas.
"Hydrogen is a game changer for Europe," von der Leyen said. "We want to make hydrogen a central part of our energy system in the transition to climate neutrality."
Green hydrogen is made from electrolysers powered by renewable energy. Portuguese Prime Minister Antonio Costa said the Iberian peninsula's abundance of sunshine and wind used for renewable energy would make producing the hydrogen competitive.
French President Emmanuel Macron said the pipeline could also be used to send hydrogen produced in France from nuclear energy - so-called red hydrogen - in the opposite direction.
"Window dressing"
The submarine pipeline was proposed in October as a substitute for the so-called MidCat gas pipeline project across the Pyrenees, which had been championed by Spain and Portugal who said it could relieve immediate pressure on gas supplies.
Paris opposed that plan, arguing that two existing pipelines across the Pyrenees which divide the Iberian Peninsula from France were already under-utilised.
The new underwater pipeline was originally proposed to carry some natural gas as well, but will now only carry hydrogen in order to meet EU funding criteria, Costa said.
Some observers are sceptical about H2MED's chances of success, with Faig Abbasov, shipping programme director at Transport & Environment, a Brussels-based NGO, labelling it "window dressing" to reduce political tensions raised by MidCat.
"If you already have an overland pipeline why build an undersea pipeline?" Abbasov said. "Spain would be better off exporting by sea."
(Reuters)
