Algeria has revealed three pivotal projects, with the highlight being the construction of new pipelines dedicated to exporting Algerian green hydrogen to Italy.
This groundbreaking initiative stems from a memorandum of understanding inked between ENI and Sonatrach in January, signifying a significant stride in the global green hydrogen landscape.
Algeria has positioned itself as a key player in the green hydrogen arena, unveiling an ambitious strategy with the aim of producing between 30 and 40 terawatt hours by 2040. This formidable capacity is earmarked for export, particularly targeting European markets, with a commitment to offering competitive prices. The overarching objective is to cover approximately 10% of anticipated imports, estimated at 10 million tonnes per year by 2040.
The Organization of Arab Petroleum Exporting Countries (OPAEP) report underscores Algeria’s robust commitment to green hydrogen. The Algerian Ministry of Energy and Mines has allocated a substantial budget ranging between $25 and $30 billion for the exploration of green hydrogen. The country’s investment in cutting-edge technologies and infrastructure signifies a commitment to positioning itself as a global leader in the green hydrogen market.
The report highlights the strategic vision of the Algerian Ministry of Energy and Mines, aiming to transform the nation’s energy landscape through the large-scale production and export of green hydrogen. By tapping into renewable resources, Algeria endeavors to play a pivotal role in meeting the global demand for clean and sustainable energy solutions.