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Macron, EU leaders launch €2.5billion hydrogen pipeline between Spain and France

Hydrogen Spain France Antonio Costa Pedro Sanchez Emmanuel Macron Europe Iberian Peninsula Portugal

Spain's Prime Minister Pedro Sanchez, French President Emmanuel Macron, Portuguese Prime Minister Antonio Costa and President of the European Commission Ursula von der Leyen attend a news conference at the end of the Green Hydrogen Corridor Summit Barcelona-Marseille (H2MED), an annex event to the IX Euro-Mediterranean Summit (EU-MED9), in Alicante, Spain, December 9, 2022. REUTERS/Violeta Santos Moura REUTERS - VIOLETA SANTOS MOURA

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.

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