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AL24 News
Southern Hydrogen Corridor Boosts Algeria Role
The South Hydrogen Corridor project is one of the main initiatives to strengthen Algeria's position in the European and Euro-Mediterranean energy markets through the export of green hydrogen produced in the country. The project aims to transport four million tons of green hydrogen annually to Europe by 2040, representing approximately 10% of Europe's expected demand for this clean fuel. The project's practical steps are based on signed memoranda of understanding with European companies, including those from Germany, Italy, and Austria, to evaluate its feasibility and implement projects for the production and export of hydrogen from Algeria’s vast resources — which have a competitive cost ranging between $1.2 and $2 per kilogram, compared to $5-6 in Europe. The project reflects Algeria’s strategy to boost green hydrogen exports and achieve sustainable development goals, with an estimated investment of $25 billion by 2040, elevating Algeria to a leading position in the global renewable hydrogen market.
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