The Nordic-Baltic Hydrogen Corridor project is making strides in establishing a 2,500 km pipeline network that will connect Finland and Germany. A pre-feasibility study, conducted by AFRY Management Consulting on behalf of Transmission System Operators in the Baltic region, has laid the groundwork in terms of technical, legal, and economic aspects. The initiative aims to transport 2.7 million tonnes of hydrogen per year by 2040, with a vision to increase this to 4 million tonnes by 2050, contributing significantly to reducing CO2 emissions across Europe. The project is part of the broader European Hydrogen Backbone initiative, which seeks to create a 28,000 km hydrogen pipeline network by 2030, expanding to 53,000 km by 2040. With the support of 31 European energy infrastructure operators, this network will link renewable hydrogen production centers to areas of high demand, promoting a cross-border hydrogen market. The corridor will play a crucial role in connecting surplus renewable energy from the Nordic countries to the increasing demand in Germany. A key finding of the study is that the Nordic and Baltic regions could potentially produce 27.1 million tonnes of renewable hydrogen annually by 2040. Production costs vary depending on the method, with alkaline electrolysis estimated at 6.14 EUR/kg and blue hydrogen at 2.72 EUR/kg in Europe. The project gained 'Project of Common Interest' status from the European Commission, streamlining regulatory processes and enhancing access to financing. However, challenges such as infrastructure costs and regulatory harmonization among participating countries must be addressed for the project's success. Overall, the Nordic-Baltic Hydrogen Corridor represents a significant opportunity to enhance energy independence, foster regional cooperation, and meet the rising demands of Europe's hydrogen market, contingent on strategic alignment and collaborative efforts.