Italy, Germany, Austria sign cooperation deal on southern hydrogen link
By Francesca Landini, Angelo Amante and Markus Wacket
MILAN/BERLIN, May 30 (Reuters) -Italy, Germany and Austria have signed an agreement to cooperate on the development of a network to transport hydrogen from the southern Mediterranean to northern Europe, the energy ministries of the three countries said on Thursday.
The official announcement, which confirms what sources told Reuters on Tuesday, marks a concrete step in the European Union's strategy to secure renewable hydrogen supplies by 2030 to help decarbonise its most polluting industries.
"The Southern Hydrogen Corridor will provide renewable hydrogen imports from North Africa via southern Italy and further connect to the major hydrogen demand hubs in Italy, Austria and Germany," the German ministry said in a statement.
The link dubbed SoutH2, which last year won priority status from the European Commission, is considered important to develop a European market for the renewable fuel.
A group of companies including Italian gas grid operator Snam SRG.MI has teamed up to build the SoutH2 pipeline by the beginning of the next decade, with a financial commitment of more than 4 billion euros ($4.3 billion).
"The southern corridor will play an important role, especially in supplying the southern German states with green hydrogen,"Germany's Minister for Economic Affairs and Climate Protection Robert Habeck said in a statement.
Last year sources told Reuters Italy was in preliminary talks with Bavaria's government to supply gas and hydrogen to the southern German state, adding Rome also aimed to sell energy to Austria.
The European Union aims to produce 10 million metric tons and import 10 million tons of green hydrogen by 2030 in a bid to replace fossil fuels, which emit planet-warming gases when burned.
Green hydrogen is produced by splitting water through electrolysis using renewable energy.
($1 = 0.9247 euros)
Reporting by Francesca Landini in Milan, Angelo Amante in Rome, Markus Wacket in Berlin
Editing by Keith Weir
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
