Saturday, March 25 2023 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Mar 20
Week of Mar 13
Week of Mar 06
Week of Feb 27
Week of Feb 20
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Germany joins France, Spain and Portugal in green hydrogen corridor


    January 24, 2023 - CE Noticias Financieras

     

      The H2Med, green hydrogen corridor that will link the Iberian Peninsula to the center of the European continent, has just received a new partner. This Sunday (22), at a meeting with French President Emmanuel Macron, German Prime Minister Olaf Scholz announced his country's entry into the project.

      Thus, Germany joins France, Spain and Portugal in creating the infrastructure and commits to extending the pipeline to its territory. The goal is, along with other renewable energy sources, to no longer be dependent on Russian gas. After the outbreak of the war in Ukraine, gas has become a political asset and the object of Vladimir Putin's veiled blackmail of the European Union and the countries that form NATO.

      However, the operationalization of the corridor is estimated only for 2030. Although in an emergency it can also transport natural gas, the new pipeline will be designed entirely for the transfer of hydrogen.

      Green hydrogen (H2V) is derived from water in an extraction process that uses electrical energy to break down the molecule and separate the hydrogen gas from the oxygen. According to Spain's Ministry for Ecological Transition, it is estimated that by 2050, 20% of all energy in Europe will be renewable hydrogen.

      The H2Med will have the capacity to transport 2 million tons of green hydrogen per year between Barcelona (Spain) and Marseille (France) and 750,000 tons between Celorico da Beira (Portugal) and Zamora (Spain). There is still no data regarding the German branch.

      The connection between Portugal and Spain is estimated at 350 million euros, while the underwater extension between Barcelona, Spain, and Marseille, France, could reach 2.5 billion euros.

      In October, Portugal and Spain reached an agreement with France to build a new link between Barcelona and Marseille (BarMar). In December, the three governments presented the project to the EU, which can finance about 50 percent of the infrastructure.

      "The green corridor definitely reinforces its European dimension," Spanish President Pedro Sánchez wrote in a message posted on Twitter.

      In a statement, the Spanish government noted that "for the first time in history," the Iberian Peninsula could become "the leader of energy supply for all of Europe."

      According to Spain's Minister for Ecological Transition, Teresa Ribera, "once the industrial needs of the Peninsula are met, hydrogen can be exported to the north, (...) making the energy transformation axis another pillar of European modernization."

      "This pipeline that will connect Portugal, Spain, France and also Germany is a good project for the future," the German premier told journalists after Sunday's meeting.

      "We have decided to extend the H2Med, which thanks to European funds will link Portugal, Spain and France, to Germany, which will be a partner in the infrastructure of this project," Macron said in turn.

      Meanwhile, Italian Prime Minister Giorgia Meloni landed in Algeria on Sunday to consolidate an increase in gas supplies from the North African country.

      Her predecessor, Mario Draghi, was in the African country twice last year to negotiate energy purchases and replace Russia, from whom it was buying 40% of its gas, as Italy's main supplier.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.