Spain has granted preliminary approval to gas grid operator Enagas to develop its portion of a planned trans-European hydrogen pipeline, aiming to position itself as a key player in the green hydrogen market. Enagas plans to invest 3.2 billion euros by 2030, focusing on projects like the H2MED pipeline that aims to connect the Iberian Peninsula to France and Central Europe. By collaborating with energy companies in France, Germany, and Portugal, Enagas seeks to ensure the success of the flagship project. The government's approval covers key hydrogen projects for European energy security, including infrastructure like a pipeline connecting Spain and Portugal, as well as an underwater pipeline linking Spain to France. The decision also includes authorization for the development of hydrogen storage facilities. While the approval is a positive step towards green hydrogen production, the high costs involved mean that most projects in this sector still rely on government subsidies to be financially viable.