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    Energy Summit: green hydrogen corridor will cost over 2.8 billion euros


    December 9, 2022 - CE Noticias Financieras

     

      The green hydrogen corridor that will link Portugal, Spain and France was designated H2med and should cost at least 2.85 billion euros in the set of two infrastructures that will be created from scratch, including the underwater pipeline between Barcelona and Marseille and the land pipeline between Celorico and Zamora.

      The estimate is contained in the presentation made this Friday in Alicante at the summit that brings together the Portuguese prime minister, António Costa, the president of the Spanish government, Pedro Sánchez, and the French president, Emmanuel Macron.

      The presentation distributed to the press reveals that the cost of the pipeline between Barcelona and Marseille will amount to 2.5 billion euros, but the final cost will depend on further studies, which, in turn, are estimated at 35 million euros, of which 15 million should be spent by mid-2024.

      The gas pipeline between Portugal and Spain, connecting Celorico to Zamora, is expected to cost 350 million Euros (in line with the value already estimated by the Portuguese government, which projected a cost of around 300 million for the Portuguese section of this infrastructure).

      While the Iberian gas pipeline, 248 kilometers long, will have the capacity to transport 0.75 million tons of green hydrogen per year, the pipeline between Barcelona and Marseille, with 455 kilometers, will be able to transport 2 million tons per year of green hydrogen (representing 10% of European consumption of green hydrogen estimated for 2030).

      The infrastructure between Portugal and Spain should be built in 48 months (including 26 months for the construction licensing phase), while the Spanish-French one will take 56 months (also considering 26 months for licensing).

      The three governments agreed that while the Celorico - Zamora gas pipeline will be developed separately by each of the network operators (REN in Portugal, Enagás in Spain), the new infrastructure between Barcelona and Marseille will involve an agreement between Enagás, Teréga and GRTgaz.

      This Spanish-French consortium will have to submit an application to the European Commission by December 15 in order to be considered a project of common interest and to have access to EU funds. The timetable foresees that construction will start in late 2025 or early 2026, and the infrastructure should be operational in 2030.

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