Azerbaijan And Romania Concur To Expedite Green Energy Corridor Partnership
Date
7/26/2023 7:21:14 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 26. A meeting was held
between energy Minister of Azerbaijan Parviz Shahbazov and Romanian
Energy Minister Sebastian Burduja within the framework of the
Azerbaijani minister's visit to Bucharest, the Ministry of Energy
of Azerbaijan told trend .
The importance of the mutual visits of the presidents
of Azerbaijan and Romania for cooperation between the two countries
and the multifaceted and intensive development of ties in the
energy sector were emphasized at the meeting.
The strategic value of the plans for the development
of the Caspian Sea-European Union Green Energy Corridor for the
Azerbaijani-Romanian energy partnership was also noted.
Discussions were held on contracts related to natural
gas. The regular contacts between Romgaz and SOCAR state-owned
companies are of great importance for the two countries.
Burduja expressed a high assessment of SOCAR's
activities in Romania and pointed out the importance of this
activity's development from the point of view of market
competitiveness and energy security.
A number of other issues arising from bilateral and
multilateral cooperation in the energy sector were also discussed
at the meeting.
The Strategic Partnership Agreement, which provides
for the construction of an energy bridge from the Caucasus region
to Europe, was signed by Azerbaijan, Georgia, Romania, and Hungary
on December 17, 2022.
It is expected to build a Black Sea Energy underwater
electric cable with a capacity of 1000 MW and a length of 1,195
kilometers.
The cable will be intended for the supply of green
electricity produced in Azerbaijan through Georgia and the Black
Sea to Romania for subsequent transportation to Hungary and the
rest of Europe.
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