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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-
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- Finance
- 10 March 2023 11:48
Energy
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At a meeting in Istanbul, the board of directors of SOCAR Türkiye discussed the company’s goals and projects for the upcoming year, SOCAR Türkiye reported.
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From January to November 2024, Azerbaijan exported 1.745 billion kWh of electricity worth $93.9 million, the monthly report of the State Customs Committee of Azerbaijan. This is by $285.4 million (75.2%) less than in the same period last year and 2.178 billion kWh (55.5%) less in volume. Electricity exports during the reporting period accounted for 0.39% of Azerbaijan’s total exports and 3.04% of non-oil sector exports.
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Türkiye has received an exemption from the United States for "Gazprombank" in relation to payments for Russian gas, the NTV channel reported citing a statement by Türkiye's Minister of Energy, Alparslan Bayraktar. It is noted that this issue was previously discussed with U.S. Secretary of State Antony Blinken during his visit to Türkiye.
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