Saudi Arabia and Italy Strengthen Ties for Green Hydrogen Export to Europe
Key Ideas
  • Saudi Arabia sees Italy as a key partner in delivering green energy, particularly renewable hydrogen, to Europe.
  • The Kingdom is focusing on producing green and blue hydrogen to diversify its economy from oil and gas.
  • Investments in infrastructure like ports and pipelines are crucial for transporting green products to Europe.
  • Collaborations between Italy, Germany, and Austria are in place to develop a pipeline system for hydrogen transport aligning with EU emission reduction goals.
Saudi Investment Minister Khalid Al-Falih views Italy as a strategic ally in the delivery of green energy to Europe. Saudi Arabia is investing in green and blue hydrogen, aiming to shift its economy away from traditional fossil fuels. The Kingdom is actively seeking partners to aid in exporting low-carbon hydrogen, with Italy being a preferred partner due to its proximity to the European continent. Al-Falih emphasized the importance of investing in infrastructure like ports and pipelines to facilitate the transportation of green products to Europe. Recent cooperation agreements between Italy, Germany, and Austria signal a concerted effort to develop a pipeline system for transporting hydrogen from the southern Mediterranean to northern Europe. This initiative aligns with the EU's ambitious goal to produce and import 20 million tonnes of green hydrogen by 2030 as part of its strategy to combat greenhouse gas emissions.
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