Riyadh’s Interest in Green Hydrogen Export Route
Riyadh, Saudi Arabia – In a strategic expansion, Saudi Arabia has expressed interest in joining the Algeria-Europe energy corridor, a pivotal project aimed at establishing North Africa as a key player in the export of green hydrogen. This initiative is set to reshape the energy landscape by meeting the growing demands of Europe’s transition to renewable energy sources.
The energy corridor, developed by Algeria and Tunisia, focuses on exporting green hydrogen in gaseous form through existing pipelines connecting North Africa to Europe. This approach significantly cuts down the costs associated with hydrogen processing and conversion, addressing the increasing energy needs of European countries.
A Clear Objective
The goal is straightforward: to position North Africa as a primary supplier of decarbonized hydrogen, thereby enhancing Europe’s energy security. Saudi Arabia’s involvement brings top-tier financial and technological resources to the table, enriching the project.
Saudi Arabia: A Green Hydrogen Powerhouse
Saudi Arabia is already positioning itself as a global leader in green hydrogen, with ambitious plans to produce 2.9 million tons annually by 2030. Recently, the kingdom signed an MoU with Italy to export hydrogen in the form of green ammonia, complementing the Algerian project.
Saudi participation in the corridor could merge the competitive advantages of both regions, accelerating global efforts towards sustainable energy transition. This involvement could also attract more foreign investments, amplifying the partnership’s impact.
A Shared Vision for Europe and North Africa
The energy corridor is part of a broader regional collaboration. Last June, Algeria signed a political declaration with Italy, Germany, Austria, and Tunisia to back this project. This agreement highlights the significant potential of Algeria and Tunisia in renewable energy production.
Beyond hydrogen export, the project aims to establish a modern and reliable infrastructure, including advanced production stations and tailored pipelines. This development is expected not only to lessen Europe’s energy dependency but also to bring substantial economic benefits to North African countries, particularly in terms of job creation and local development.
This strategic alliance could mark a new era in energy relations between Europe and North Africa, fostering a more sustainable and interconnected energy future.
Towards an Accelerated Energy Transition
Saudi Arabia’s Entry Could Reshape Energy Corridor The inclusion of Saudi Arabia in this project could significantly expand the scope of the energy corridor. By combining the strengths of North Africa and the Middle East, this partnership promises to expedite the decarbonization of energy in Europe while establishing participating countries as global leaders in green hydrogen.
With a shared vision between Europe and its southern partners, this energy corridor emerges as a model of sustainable collaboration, addressing future energy and environmental challenges.