Hydrogen pipeline from Spain to France to cost 2.5 bln euros, Spanish PM Sanchez says

ALICANTE, Spain, Dec 9 (Reuters) – An underwater pipeline to carry green hydrogen between Spain and France will cost about 2.5 billion euros ($2.64 billion), Spanish Prime Minister Pedro Sanchez said on Friday, adding that he hoped the European Union would partly fund the project.The pipeline between Barcelona and Marseille will have a capacity of 2 million tonnes a year and be ready by the end of the decade, Sanchez said at a summit of Mediterranean EU leaders in the southeastern Spanish port city of Alicante.The decision to pursue the project comes as an energy crisis caused by the war in Ukraine has accelerated European plans to bolster renewable energy as an alternative to Russian gas.Reuters reported earlier that the undersea part of the 455-kilometre (280-mile) pipeline would cost around 2 billion euros, rising to 3 billion depending on its route, according to two sources.An…

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