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Nov 28, 2023
The H2med project adopted by the European Commission on the list of Projects of Common Interest (PCI)
On 28 November 2023, the European Commission selected the H2med project to be included on the list of Projects of Common Interest (PCI). The European Council and Parliament will have 2 months to approve the PCI list in the beginning of 2024. H2med project, a key milestone of the European Hydrogen Backbone, aims to help decarbonise Europe by 2050.
Teréga is delighted to announce that the European Commission has selected the H2med project for inclusion in its list of Projects of Common Interest (PCI).
The H2med project, aimed at decarbonizing Europe by 2050, calls for the transport of 2 million tons of renewable hydrogen per year, representing 10% of Europe's projected consumption in 2030. Initiated in October 2022, this green energy corridor, approved at the Euromed summit on December 9, 2022 with the support of Ursula Von Der Leyen, links the leaders of Portugal, Spain and France to the EU. It includes a hydrogen interconnection project from Portugal to Spain (CelZa) and a maritime pipeline linking Spain and France (BarMar).
The H2med consortium, formed by Enagas, GRTGaz, REN, OGE and Teréga, is delighted with the European Commission's approval. Its inclusion on the PCI list will speed up procedures from 2024 onwards, and pave the way for easier access to European funding.
