European Hydrogen Backbone
Press Release: EHB Supply Corridors
[May 31st 2022]
EHB publishes five potential hydrogen supply corridors to meet Europe’s 2030 accelerated hydrogen targets
- To achieve the accelerated targets for hydrogen demand and supply in 2030 set by the REPowerEU plan, five large-scale gas pipeline corridors are being considered.
- These corridors will play a key role as cost-effective solution for transporting large volumes of low-cost hydrogen supply to demand centers.
- The five corridors cover both domestic and import supply markets, in line with the three import corridors identified by the recent REPowerEU plan.
- To ensure the development of these supply corridors by 2030, speed is essential and EHB has identified 5 key actions needed now.
- The members of the EHB initiative recommend that the EC consider the establishment of hydrogen supply corridors by 2030 as state-of-the-art infrastructure as a political objective, in order to guarantee the achievement of the objectives of REPowerEU
To achieve the accelerated hydrogen demand and supply targets in 2030 set by the REPowerEU plan, five large-scale pipeline corridors are envisaged. The corridors will initially connect national local supply and demand in Europe, before expanding and connecting European regions and neighboring countries with low costhydrogen export potential.
These corridors will play a key role as a cost-effective solution to transport large volumes of low-cost hydrogen supply to demand centers. Pipeline transport offers a profitablesolution to connect areas of large amounts of excess hydrogen supply with regions with hydrogen demand, especially when repurposing existing gas infrastructure.
The five corridors cover both domestic and import supply markets, in line with the three import corridors identified by the REPowerEU plan
Deployment of such a European hydrogen backbone infrastructure by 2030 will allow market players to develop supply and demand faster in a cost-effective way
The corridor analysis identified sufficient hydrogen supply to exceed European domestic supply targets for 2030, thus contributing to Europe’s energy independence and security of supply. EHB has identified 12 Mt (~400 TWh) of potential hydrogen supply in the EU, exceeding REPowerEU’s national target of 10 Mt of green hydrogen by 2030. In addition, import potentials of hydrogen have been identified. EHB has also identified a significant share of EU hydrogen demand to meet the 2030 target, with a
a further acceleration in demand is expected in 2030 following the release of REPowerEU. Hydrogen supply and demand will increase significantly by 2040.
The five hydrogen supply corridors are:
- Corridor A: North Africa and Southern Europe
- Corridor B: South-West Europe and North Africa
- Corridor C: North Sea
- Corridor D: Nordic and Baltic regions
- Corridor E: East and Southeast Europe
It should be noted that these five corridors are consistent with the REPowerEU plan and its three import corridors, including an import corridor via the Mediterranean (Corridors A and B), via the North Sea (Corridor C) and via Ukraine (Corridor E).
To ensure the development of these supply corridors by 2030, speed is essential and action is needed now. Five key concrete actions:
Foster the development of new and repurposed hydrogen infrastructure
o Unlock funding to accelerate the deployment of hydrogen infrastructure
o Simplify and shorten planning and authorization procedures
o Intensify energy partnerships with non-EHB exporting countries
o Facilitate integrated energy system planning
The members of the EHB initiative recommend that the EC consider the establishment of hydrogen supply corridors by 2030 as a leading infrastructure as a political objective, in order to ensure the achievement of the objectives of REPowerEU.
An open initiative
The EHB aims to accelerate Europe’s decarbonisation journey by defining the essential role of hydrogen infrastructure – based on existing and new pipelines – to enable the development of a renewable hydrogen market and low-carbon competitive, liquid, pan-European. The initiative aims to foster market competition, security of supply and cross-border collaboration between European countries and their neighbours. The EHB initiative looks forward to continuing to discuss its vision with stakeholders including policymakers, businesses and initiatives along the hydrogen value chain.
Enagas SA published this content on May 31, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Jun 02, 2022 09:01:05 AM UTC.
Public now 2022
Trends in technical analysis ENAGS, SA
|Short term||Middle term||Long term|
Evolution of the income statement
|Number of analysts||18|
|Last closing price||€21.45|
|Average target price||€18.82|
|Average Spread / Target||-12.3%|