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A partnership agreement between Algeria and the European Union (EU) on hydrogen could take place in the immediate future. It will enable both sides to develop the production, consumption, and trade of this new energy source.
A partnership agreement between Algeria and the European Union (EU) on hydrogen could take place in the immediate future. It will enable both sides to develop the production, consumption, and trade of this new energy source. The 5th Annual High-Level Meeting of the Energy Dialog between Algeria and the EU held recently in Brussels, enabled the two sides to launch a new cooperation program worth 15 million euros with the aim of supporting the development of renewable energy projects in Algeria.
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This initiative includes the promotion of all research and pilot projects for the development of green hydrogen. According to the Ministry of Energy and Mines, Algeria plans to invest between $20 billion and $25 billion in green hydrogen by 2040 in three main phases: start-up through pilot projects (2023 to 2030), expansion and market creation (2030 to 2040) and industrialization and market competitiveness (2040 to 2050). By 2040, Algeria plans to produce and export 30-40 TWh of gaseous and liquid hydrogen, with a mix of blue hydrogen, produced from gas, and green hydrogen produced by electrolysis using the country’s vast solar resources, with the goal of supplying Europe with 10% of its green hydrogen needs by 2040.
