The Gas Transmission System Operators (TSOs) of Finland, Estonia, Latvia, Lithuania, Poland, and Germany's Ontras have successfully completed a pre-feasibility study of the Nordic-Baltic Hydrogen Corridor (NBHC), aiming to transport renewable hydrogen between the six countries. The study focused on technical, legal, organizational, and economic aspects crucial for the corridor's realization, with the potential to play a pivotal role in achieving the European Union's decarbonization goals. The pre-feasibility study identified significant renewable hydrogen potential in the Nordic and Baltic region, projecting around 27.1 million tons of renewable hydrogen production by 2040. The NBHC is planned to transport up to 2.7 million tons of renewable hydrogen annually by 2040, contributing to the reduction of up to 37 million tons of CO2 equivalent per year by 2050. The project, endorsed as a Project of Common Interest by the European Commission, is part of the 'Baltic Energy Market Interconnection Plan for Hydrogen,' facilitating access to EU project funding and streamlined permitting procedures. Moving forward, the TSOs plan to conduct a detailed feasibility study to analyze technical, commercial, and economic aspects, as well as establish an implementation timeline for the corridor. The NBHC project is seen as a crucial element in Europe's transition to a sustainable and decarbonized energy system, enhancing energy security, supply diversity, and contributing to the decarbonization of challenging sectors in the region and Europe as a whole.