(Tiper Stock Exchange) – Spain, France And Portugal will build by 2030 a pipeline submarine to carry the‘hydrogen from the Iberian peninsula to France and finally to the rest of Europe. The announcement came after a meeting with AlicanteSpain, between the Spanish Prime Minister Pedro Sanchezthe Portuguese one Antonio It coststhe French president Emmanuel Macron and the president of the European Commission Ursula von der Leyen. The gas pipeline – which will be called H2Med – aims to make the European Union’s energy supply more independent and will cost an estimated 2.5 billion euros.
Sánchez said the pipeline will be able to carry approx 2 million tons of hydrogen in France per year, 10% of the EU’s estimated hydrogen needs. French President Emmanuel Macron said H2Med, which replaces a previous proposal to transport gas through Pyrenees“will take a new path through the Mediterranean and it will rely on a technology of the future, which is hydrogen”. “Probably it will also allow others later on interconnections European towards other countries that will want to obtain that hydrogen”, he added. “Today, the Iberian Peninsula is becoming an important European energy gateway to the world”, added von der Leyen during the press conference with the other leaders.
Portugal, Spain and France reached general agreement on the plan in October and aim to present the project to the European Commission by December 15th so you could benefit from EU funding, which could cover up to 50% of the cost. The pipeline will first connect two facilities in northern Portugal and northern Spain and then continue under the Mediterranean Sea from Barcelona to Marseille.