Saudi Crown Prince’s Visit To Greece Gives Green Hydrogen A Boost

Saudi is also hopeful to help Greece establish an electrical interconnection network.

Calling the relationship between both the countries “historical,” the Crown Prince said there are opportunities that can be finalized during his two-day visit, which includes but is not restricted to linking the electricity grid to south-west Europe, through Greece, to provide the continent with inexpensive renewable energy.

“Also, we are working (on)...hydrogen and how to turn Greece as a hub for Europe to hydrogen. That’s a game changer for both of us. Also, we are working (on)...linking the telecommunication grid,” the Crown Prince said in a statement issued by the Greek prime minister's office.

The Crown Prince said he has a lot on the agenda for the talks, citing investment, trade, economic, political, and security issues. He promised he had not come “empty-handed” and his plans would be a “game changer for both countries and also for the whole region.”

There was also a passing reference to a “big item that we cannot announce today” as he talked up the relations between Saudi Arabia and Greece.

A memorandum was signed between Saudi Minister of Energy Prince Abdulaziz bin Salman and Greek Minister of Foreign Affairs Nikolaos Georgios Dendias which sets a framework for cooperation in the fields of renewable energy, electrical interconnection, exporting electricity to Greece and Europe, clean hydrogen and its transfer to Europe, the Saudi Press Agency reported.

The agreement will also look at working together in the areas of energy efficiency and the oil, gas and petrochemical industry,  promote digital transformation, while adopting the circular economy approach to carbon and technologies to reduce the effects of climate change.

Both countries will also explore the scope of capturing carbon, reusing, transporting and storing the gas, as well as capturing carbon directly from the air.

The two also signed an agreement toand innovation in the fields of energy, including cyber security, while working to develop qualitative partnerships to localize materials, products and services related to all energy sectors and their associated supply chains and technologies.

The Crown Prince and the Greek Prime Minister also witnessed the signing of the agreement to establish the Saudi-Greek Strategic Partnership Council.