Saudi Arabia Seeks Italy's Support to Export Green Energy and Hydrogen to Europe
Saudi Arabia is looking forward to partnering with Italy to deliver green energy and hydrogen to Europe. The kingdom aims to expand its low-carbon production capacity and diversify from oil.
September 06, 2024. By EI News Network
Saudi Arabia is ramping up its production of low-carbon products, including blue and green hydrogen, as part of its broader strategy to diversify away from its traditional reliance on oil and gas. Green hydrogen, produced through water electrolysis powered by renewable energy, and blue hydrogen, derived from natural gas with CO2 emissions captured and stored, are central to this transition. However, with the market for these hydrogen forms still emerging, the kingdom seeks reliable partners to ensure the success of its export ambitions.
Al-Falih highlighted the importance of investing in infrastructure such as ports and pipelines to transport green energy to Europe. He plans to visit other European countries, including Germany, to establish further partnerships and identify potential customers.
Italy is already engaged in hydrogen infrastructure projects, including a recent agreement with Germany and Austria to develop a pipeline that will transport hydrogen from the southern Mediterranean to northern Europe. This aligns with the European Union’s goal to produce and import 20 million metric tons of green hydrogen by 2030, replacing fossil fuels and reducing greenhouse gas emissions.
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