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Snam, an Italian company, wins EU support for a hydrogen pipeline and CO2 Storage

The European Commission included on Monday in its list of priority projects for cross-border energy two initiatives supported by Italian gas grid operator Snam. These are eligible for EU financing.

The projects were already on the priority list of 2023 but, with their inclusion in this year's updates, it is likely they will also be included in Snam’s updated industrial plan due to be released early next year.

Snam has a list of 235 projects that includes a hydrogen pipe linking Algeria, Italy and Germany, dubbed SoutH2 Corridor. It also includes offshore carbon dioxide storage near Ravenna in Italy as part of the Callisto Project.

They will be eligible for a fast-tracked authorisation process, and may also receive financial support from the EU, since they fall under the category of Projects of Common Interest or Projects of Mutual Interest.

(source: Reuters)