Madrid, Paris, Lisbon push ahead with hydrogen pipeline

Madrid, Paris, Lisbon push ahead with hydrogen pipeline

The leaders of Spain, France and Portugal are meeting in the southern city of Alicante to sign off on the vast H2Med green hydrogen pipeline project
The leaders of Spain, France and Portugal are meeting in the southern city of Alicante to sign off on the vast H2Med green hydrogen pipeline project. Photo: Ludovic MARIN / AFP
Source: AFP

Spain, France and Portugal on Friday unveil details of their ambitious plan for an underwater pipeline to bring green hydrogen from the Iberian Peninsula to the rest of Europe.

Spanish Prime Minister Pedro Sanchez, French President Emmanuel Macron and Portuguese premier Antonio Costa were to formally sign off on the plans in the presence of EU chief Ursula Von der Leyen on the sidelines of a regional EU summit in southern Spain.

They were expected to outline both a roadmap and timeline for completing the so-called H2Med project which they are hoping will be partially covered by European funds.

The pipeline project comes as Europe struggles to reduce its dependence on Russian energy following its February invasion of Ukraine.

Also known as BarMar for its planned route connecting Barcelona and Marseille, the submarine pipeline will carry green hydrogen, which is made from water via electrolysis in a process using renewable energy.

Read also

Barcelona-Marseille pipeline: an ambitious but risky project

It will ultimately facilitate the EU's transition to green energy, French and Spanish government officials say.

PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find “Recommended for you” block on the home page and enjoy!

Energy ministers from all three countries will also be at the gathering in the southern city of Alicante to offer their outlook on "the feasibility of the infrastructure project, its funding and an initial timeline" for its construction, sources in Macron's office said.

Announced at an EU summit in October, the pipeline offers an alternative to the defunct 2003 MidCat pipeline project which was to have carried gas across the Pyrenees from Spain to France.

It was abandoned in 2019 over profitability issues and objections from Paris and environmentalists.

H2Med: a $2-billion project

H2Med aims to boost the decarbonisation of European industry, giving it large-scale access to clean energy from Spain and Portugal which are hoping to become world leaders in green hydrogen thanks to their numerous wind and solar power farms.

Read also

Niger finance minister rebuffs pressure to drop oil drive

Initially, the idea was for the pipeline to carry gas from the Iberian peninsula to central Europe, given Spain and Portugal's huge capacity for turning liquefied natural gas (LNG) that arrives in tankers back into gas form.

But that idea has been dropped with the pipeline only slated to carry green hydrogen, Spanish and French sources said, in a move expected to free up European funding.

France said H2Med could come online in 2030 with Spain offering slightly earlier estimates, with the vast project carrying an estimated price tag of two billion euros ($2.1 billion).

The three leaders will meet just before the start of the EuroMed 9 summit, at which they will be joined by six other southern European countries: Croatia, Cyprus, Greece, Italy, Malta and Slovenia.

Spain's Sanchez had planned to hold bilateral talks with Italy's new far-right Prime Minister Giorgia Meloni but she pulled out due to illness early on Friday, Rome said.

New feature: Сheck out news that is picked for YOU ➡️ find “Recommended for you” block on the home page and enjoy!

Source: AFP

Authors:
AFP avatar

AFP AFP text, photo, graphic, audio or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP news material may not be stored in whole or in part in a computer or otherwise except for personal and non-commercial use. AFP will not be held liable for any delays, inaccuracies, errors or omissions in any AFP news material or in transmission or delivery of all or any part thereof or for any damages whatsoever. As a newswire service, AFP does not obtain releases from subjects, individuals, groups or entities contained in its photographs, videos, graphics or quoted in its texts. Further, no clearance is obtained from the owners of any trademarks or copyrighted materials whose marks and materials are included in AFP material. Therefore you will be solely responsible for obtaining any and all necessary releases from whatever individuals and/or entities necessary for any uses of AFP material.