Recently Discovered Tremendous Green Energy Potential Enhanc...| MENAFN.COM

Tuesday, 21 March 2023 05:14 GMT

Recently Discovered Tremendous Green Energy Potential Enhances Importance Of Azerbaijan - President Ilham Aliyev

(MENAFN- Trend News Agency)

BAKU, Azerbaijan, January 30. The recently discovered tremendous green energy potential has also enhanced the importance of Azerbaijan, President of Azerbaijan Ilham Aliyev said, making a press statement with Prime Minister of Hungary Viktor Orban, trend reports.

'Of course, energy security issues are of particular importance in the present-day world, and I think they are currently at the top of the global agenda. Azerbaijan's ample oil and gas resources allow it the opportunity to be a reliable partner for Europe for many years to come – at least for a hundred years from now in terms of natural gas. This is exactly what the leadership of the European Commission calls Azerbaijan – a reliable partner.

The recently discovered tremendous green energy potential has also enhanced the importance of Azerbaijan. Of course, projects related to green energy and the already implemented ones will bring us closer to Europe. As my dear friend has mentioned, according to the agreement signed last month, Azerbaijan will deliver its green energy to Europe, and these issues were discussed again today. The countries involved in this project – Azerbaijan, Georgia, Hungary and Romania – will gather for the first steering committee meeting in Baku in a few days and start working on the concept of future activities.

This is a project that requires a lot of investment. The generation of green energy, its transmission and delivery to the market, and also the laying of a cable under the Black Sea – all these projects require major financial resources. At the same time, they require very strict coordination. Therefore, we will take the first step at the meeting to be held in Baku on February 3. So the energy security of the European continent will be ensured in a more complete and comprehensive manner,' President Ilham Aliyev said.


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