(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 1. The European
Commission (EC) may accelerate granting the
Azerbaijan-Georgia-Romania-Hungary Green energy Corridor (Black Sea
Energy) project the status of the project of mutual interest,
Azerbaijani Energy Minister Parviz Shahbazov wrote X on, Trend reports.
"At a meeting with EU Energy Commissioner Kadri Simson, we
agreed to speed up the process of granting the project of green
energy corridor through the Black Sea the status of the project of
mutual interest (PMI)," the publication notes.
Shahbazov also informed that at the meeting the sides discussed
cooperation on natural gas, hydrogen, and green energy to
strengthen energy security.
Meanwhile, the feasibility study for the Black Sea Energy
project is planned to be prepared by the end of 2024.
To note, it is about supplying electricity from Caspian Sea RES,
mainly from wind farms, primarily from Azerbaijan, via the Black
Sea to Romania, Bulgaria, and Hungary.
Azerbaijan, Georgia, Romania, Hungary, and Azerbaijan signed a
strategic partnership agreement in Bucharest on December 17, 2022,
for the construction of the Black Sea Energy submarine electric
cable with a capacity of 1,000 MW and a length of 1,195 km. In June
2023, it was announced that Bulgaria will also join the project.
Serbia has also expressed its interest in participating in the
project.
The cable will be designed to supply green electricity generated
in Azerbaijan through Georgia and the Black Sea to Romania for
further transportation to Hungary and the rest of Europe.
Construction of the cable will take 3-4 years.
The European Commission plans to provide 2.3 billion euro for
laying the cable, which will be the longest in the world.
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