The European Union has approved funding eligibility for Snam’s SoutH2 hydrogen pipeline and Ravenna CO₂ storage projects in Italy, including them in its updated list of priority cross-border energy infrastructure initiatives.
(Reuters) — On Dec. 1, the European Commission included two Italian gas grid operator Snam-backed projects in its new priority list for cross-border energy projects, making them eligible for EU funding.
The projects had already been added to a priority list in 2023, but their inclusion in this year’s update increases the likelihood of being incorporated into Snam’s updated industrial plan, expected early next year.
Snam’s initiatives, among 235 projects on the EU list, include the SoutH2 Corridor—a hydrogen pipeline linking Algeria, Italy, Austria, and Germany—and offshore CO₂ storage sites near Ravenna, part of the Callisto project.
As Projects of Common Interest and Projects of Mutual Interest, they will benefit from fast-track authorization processes and potential EU financial support.