Natural gas distribution and trading companies around Europe, including Greece, are turning to eco-friendly hydrogen in an effort to overcome European Commission financing prohibitions, following 2021, for fossil fuel-linked pipelines and other infrastructure.
Greece’s gas grid operator DESFA and gas utility DEPA are currently seeking ways to secure financial support for projects through EU funding and the European Investment Bank.
Converting these investment plans into eco-friendly projects by turning to hydrogen, a RES-generated fuel, is one alternative.
DESFA, counting on the experience of its main shareholders, Snam, Fluxys and Enagas – the trio’s Senfluga consortium controls the operator with a 66 percent stake – is examining the prospect of transmitting hydrogen through the national gas grid, the Greek gas grid operator’s chief executive Nicola Battilana told the four-day Delphi Economic Forum, ending tomorrow.
This DESFA investment plan could be revealed as part of the operator’s next ten-year business plan, now being put together.
DEPA chief executive Kostas Xifaras also spoke of the opportunities offered by hydrogen. The Greek gas utility and its Italian partner Edison are believed to be open to the prospect of establishing partnerships with third parties for hydrogen transmission through the prospective East Med pipeline.
Hydrogen has the potential to play a key role in energy transition and climate-change objectives, noted Aristotelis Chantavas, head of Enel Green Power Hellas.
Representatives of eight EU member states, Greece, Bulgaria, the Czech Republic, Hungary, Lithuania, Poland, Romania and Slovakia, among them Greek deputy energy minister Gerassimos Thomas, recently stressed the significance of maintaining EU funding support for natural gas projects.