ALICANTE, Spain (AP) 鈥 Spain, France and Portugal agreed Friday to build by 2030 a major undersea pipeline to transport hydrogen from the Iberian Peninsula to France and eventually the rest of Europe.
The pipeline is aimed at making the European Union's energy supply more independent, a goal expedited by the Russian invasion of Ukraine last February that precipitated an energy crisis.
Spanish Prime Minister Pedro S谩nchez said the pipeline, dubbed H2Med, will be able to convey some 2 million metric tons of hydrogen to France annually 鈥 10% of the EU麓s estimated hydrogen needs. The project is expected to cost 2.5 billion euros ($2.6 billion).
The announcement came after a meeting between S谩nchez, his French and Portuguese counterparts and European Commission President Ursula von der Leyen in the eastern Spanish city of Alicante.
鈥淭oday, the Iberian Peninsula is becoming a major European energy gateway to the world,鈥 Von der Leyen said at a joint press briefing.
French President Emmanuel Macron said H2Med, which replaces an earlier proposal to transport gas across the Pyrenees Mountains, will 鈥渢ake a new path through the Mediterranean and rely on a technology of the future, which is hydrogen.鈥
鈥淚t will also probably allow later other European interconnections toward some other countries which will want to get that hydrogen,鈥 he added.
Portugal, Spain and France struck a broad deal on the plan in October. They hope to present it to the European Commission by Dec. 15 so it will be eligible for EU financing, which could represent as much as 50% of the cost.
The project will first connect two plants in northern Portugal and northern Spain and then involve a pipeline under the Mediterranean Sea from the northeastern Spanish port of Barcelona to France鈥檚 Marseille.
鈥淲e are strengthening European Union鈥檚 strategic autonomy and energy security at a moment when solidarity among Europeans is essential to reduce energy dependency on countries that use energy as a blackmailing tool,鈥 S谩nchez said, in reference to Russia and the gas crisis that has emerged since the war in Ukraine.
He said that with the project, they 鈥渁spire to be a benchmark not only in Europe, but also worldwide, in the field of hydrogen.鈥
Spain and Portugal had initially wanted to pipe gas across land to France but Paris rejected that proposal.
鈥淗ydrogen is a game-changer for Europe,鈥 said Von der Leyen.
She said the EU planned to produce 10 million metric tons of renewable hydrogen by 2030 and to import another 10 million tons.
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Raquel Redondo in Madrid, Sylvie Corbet in Paris and Lorne Cook in Brussels contributed to this report.
