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Studies on Caspian-EU green corridor: preliminary results on table (Exclusive)

Oil&Gas Materials 26 May 2023 16:44
Trend News Agency
Studies on Caspian-EU green corridor: preliminary results on table (Exclusive)

BAKU, Azerbaijan, May 26. The agreement between the governments of Azerbaijan, Georgia, Romania and Hungary regarding the partnership in the field of development and transport of green energy is a commitment of Romania for a green corridor, in the context of the efforts made by our country to ensure the transition to clean energy by promoting renewable energy sources, Romanian minister of energy Virgil-Daniel Popescu said in an exclusive interview with Trend.

The minister noted that the construction of the submarine cable as part as green corridor is important and viable not only because a green transport Corridor between the Caspian Sea and the Black Sea is being put into practice, but also because in the margin of the energy supply diversification process, it is an opportunity for the entire European continent.

“In the framework of a study performed by Italian consultant CESI which assessed the possibility and opportunity of building un submarine cable between Romania and Georgia, a number of technical and financial aspects were evaluated and presented during a meeting in Tbilisi.

The preliminary results of the study are being analyzed and assessed at the levels of the 4 signatories, including from the point of view of considering these results in the framework of a more extended study that was proposed to be performed and that will go beyond the construction of the submarine cable, assessing the possibility of producing and absorbing green energy in the 4 signatory countries and in Europe,” he added.

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