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Aliyev hopes for the early start of the supply of "green" electricity from Azerbaijan to Europe
Baku/10.03.23//Turan: Azerbaijani President Ilham Aliyev hopes for the early start of the supply of "green" electricity from Azerbaijan to Europe. Following talks with Latvian President Egils Levits in Baku on March 8, he said that "Azerbaijan is becoming a more important partner for the European Union in terms of energy supplies." "The European Commission has always considered us as a reliable partner," the head of the Azerbaijani state stressed.
"Today we export oil, natural gas, petrochemical products, petroleum products to Europe. I hope we will start exporting green energy soon," Aliyev said.
On December 17, 2022, Azerbaijan, Georgia, Romania, and Hungary signed in Bucharest an agreement on strategic partnership for the construction of an underwater electric cable Black Sea Energy with a capacity of 1,000 MW and a length of 1,195 km. 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.
At the moment, work on the project is at the stage of developing a feasibility study, which is scheduled to be completed in September 2023. –0-
Energy
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In 2023, Azerbaijan produced 4 million 369.8 thousand tons of fuel (automotive gasoline, diesel fuel, and aviation kerosene), whereas last year the total volume amounted to only 3 million 906.9 thousand tons. Over the past year, fuel production in the country decreased by 462.9 thousand tons, or by 10.6%.
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According to preliminary data, in the past year, Azerbaijan's gross domestic product (GDP) amounted to 126.3 billion manats (approximately $74.3 billion at the current exchange rate), a 4.1% increase compared to 2023, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.
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In 2024, the total volume of oil and condensate production in Azerbaijan amounted to 29 million 63 thousand tons, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.
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The Trans Adriatic Pipeline (TAP AG) consortium has developed a roadmap for preparing to transport hydrogen, according to TAP AG. “TAP’s goal is to develop infrastructure for hydrogen transportation. We have defined a roadmap for preparing for the medium- and long-term transportation of natural gas and hydrogen blends, as well as renewable gases. A preliminary study in 2021 confirmed the potential of TAP for transporting hydrogen mixtures in the future. Currently, we are conducting pipeline material tests at an international laboratory. The results of the first tests were received in the fourth quarter of 2024 and are now under evaluation. The next round of tests has already begun, and results are expected in 2025,” said the consortium.
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