Spain's President Mr Pedro Sánchez, while speaking at the EU-Med 9 summit in Alicante, has announced the start of a new pipeline that will eventually carry hydrogen from Barcelona to Marseille in a project that will cost around EUR 2.5 billion to supply hydrogen, which is generated from renewables rather than fossil fuels, and so help reduce Europe's reliance on Russia's gas and oil. He said “H2MED, which will be operational at the end of this decade, will be able to transport, as the president of the Commission said, 10 percent of hydrogen consumption of the European Union by 2030 of about two million tonnes per year.” Initially designed to temporarily transport gas from the Iberian Peninsula to the rest of the EU to reduce dependence on Russian gas, the H2Med will now only be used to transport hydrogen
Spain's President Mr Pedro Sánchez, while speaking at the EU-Med 9 summit in Alicante, has announced the start of a new pipeline that will eventually carry hydrogen from Barcelona to Marseille in a project that will cost around EUR 2.5 billion to supply hydrogen, which is generated from renewables rather than fossil fuels, and so help reduce Europe's reliance on Russia's gas and oil. He said “H2MED, which will be operational at the end of this decade, will be able to transport, as the president of the Commission said, 10 percent of hydrogen consumption of the European Union by 2030 of about two million tonnes per year.” Initially designed to temporarily transport gas from the Iberian Peninsula to the rest of the EU to reduce dependence on Russian gas, the H2Med will now only be used to transport hydrogen
