Spain and France Collaborate on Game-Changing Hydrogen Pipeline Project
Key Ideas
- Spain and France, through Enagas, GRTgaz, and Terega, are embarking on a significant multi-billion-euro hydrogen pipeline project called BarMar to connect the two countries.
- The BarMar pipeline is a pivotal component of the H2MED initiative, aiming to establish a hydrogen transport network across Europe to support the transition to a low-carbon economy.
- Enagas, GRTgaz, and Terega have outlined plans for feasibility studies, investment decisions, and forming a joint venture to advance the project, with a total estimated cost of approximately 2.5 billion euros.
- Additionally, Enagas and REN are enhancing their collaboration to develop a green hydrogen pipeline within the Iberian Peninsula, contributing further to the region's hydrogen infrastructure development.
In a groundbreaking move, Spain's Enagas and France's GRTgaz and Terega have reached an agreement to construct a significant hydrogen pipeline known as BarMar, connecting the two nations. This project is a key element of the broader H2MED initiative, which seeks to establish a comprehensive hydrogen transportation network throughout Europe. The BarMar pipeline, with an estimated cost of around 2.5 billion euros, is poised to play a crucial role in Europe's shift towards a low-carbon economy, with hydrogen being a central component of future energy strategies. Enagas will have a 50% stake in the project, while GRTgaz and Terega will own 33.3% and 16.7% respectively, demonstrating a strong collaborative effort. Moreover, German operator Open Grid Europe is also engaged in the H2MED project. Concurrently, Enagas and Portugal's REN have reinforced their partnership to develop a green hydrogen pipeline within the Iberian Peninsula, emphasizing the commitment to enhancing hydrogen infrastructure in the region.
Topics
Projects
Green Hydrogen
Energy Transition
Infrastructure Development
Pipeline Project
Low-carbon Economy
European Cooperation
Investment Decision
Partnership Strengthening
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