(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 1. Hungary is ready to
share costs of the green energy corridor project connecting to
Azerbaijan, Tamás Torma, Ambassador of Hungary in Baku, said in an
exclusive interview with trend.
"The intensity of Azerbaijani-Hungarian energy relations is very
well demonstrated in the field of natural gas cooperation, however
we are aware that Azerbaijan has great potential in the field of
renewable energy sources," he said.
The ambassador pointed out that green electricity from the
region is yet another opportunity for diversification, and to
secure the energy supply of Hungary, by connecting Georgia with
Romania.
As a precursor to the project, the examination of technical and
financial issues related to the implementation of the Black Sea
Submarine Cable began already in 2022. Once it is finished, it will
be the longest underwater pipeline in the world, nearly 1200
kilometres long. The Hungarian government is ready to share the
costs and supports the creation of a common, four-state economic
entity," Torma added.
Azerbaijan, Georgia, Hungary and Romania signed an agreement to
build a Black Sea sea-belt electric cable from the Black Sea coast
of Georgia to the Black Sea coast of Romania on December 17,
2022.
It is planned to build a cable which will allow to transport
four gigawatts of green energy from Azerbaijan.
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