The EU on 28 November added the ‘SoutH2 Corridor’ to its ‘Projects of Common Interest’, giving the plans to pipe 4mn t/y of green hydrogen from North Africa to central and northern Europe potential access to funding from the EU’s Connecting Europe Facility as well as the promise of fast-track approval and implementation.
The EU decision comes just days after German Chancellor Olaf Scholz and Italian counterpart Giorgia Meloni agreed to back the project during a meeting in Berlin. “As evidence of the corridor’s significant contribution to the EU’s supply security and decarbonization goals, the Energy and Environment Ministries of Italy, Austria, and Germany have signed a trilateral letter expressing political support,” the Italian grid operator and key SoutH2 backer Snam says. Snam included the project in its five-year strategy released earlier this year. Germany’s Bayernets and Austrian system operators Trans Austria Gasleitung and Gas Connect Austria are the other key backers. (CONTINUED - 508 WORDS)
