GREEN HYDROGEN

The preparation of a feasibility study on the possibility of exporting electricity from Central Asian countries to Europe through the territory of Azerbaijan will begin this year, the Deputy Energy Minister of Azerbaijan Elnur Soltanov told reporters, Trend reports.

He noted that the technical condition for attracting companies to carry out the work outlined within the project is already ready.

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Prospects of „green“ hydrogen production in the countries of Central Asia and the Caspian region will be discussed in Kazakhstan's Astana on September 17, Trend reports via „Globuc International Company“.

Azerbaijan possesses a significant number of resources, especially in wind and solar energy, Rolande Pryce, WB Regional Director for the South Caucasus, told Trend.

In Azerbaijan, the regime is liberalized in proportion to the quantities of gas that have to travel to Europe – there is an obvious correlation and it is positive. The country is valuable to Europe for five reasons. These are:

- natural gas;

- Azerbaijan's huge potential to produce green energy to be imported to Europe - Azerbaijan has the ability to produce wind energy around the clock;

Implementation of the project covering transfer of green energy from Azerbaijan to Romania and Hungary through Georgia and the Black Sea continues, Azerbaijan’s Energy Minister Parviz Shahbazov said, Trend reports via the ministry.

Shahbazov made the remark within the Berlin Energy Transition Dialogue conference during a roundtable dedicated to perspectives for a future energy partnership.

The State Oil Company of Azerbaijan (SOCAR) has engaged international consulting firms to review its "green" strategy.

This was announced by the representative of SOCAR - Teymur Guliyev at a panel discussion during the seminar "Green hydrogen - a path to decarbonization".

He noted that the process will be completed within six months.

The European Bank for Reconstruction and Development (EBRD) is preparing a market study report on Low Carbon Hydrogen Economy in Azerbaijan, Kamola Makhmudova, head of EBRD in Azerbaijan, said in an exclusive interview with Trend.

"The market study report on Low Carbon Hydrogen Economy in Azerbaijan is currently being prepared and we are expecting that this report will be finalised in the upcoming months," she said.