Bulgaria is interested in the Green Corridor Project, which involves the transportation of green energy from the Caspian Sea (Azerbaijan) through the Black Sea (Georgia) to Europe, the Ministry of Energy of Azerbaijan 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;
Italy purchased natural gas worth 842 722 785 euros from Azerbaijan via the Trans Adriatic Pipeline (TAP) in January 2023, Eurostat, the statistical office of the European Union, told Trend.
Azerbaijan’s natural gas exports to Italy stood at 732 675 000 cubic meters last year, according to Eurostat.
Owning a combination of factors necessary for the development of the green hydrogen industry, Azerbaijan is set to become a regional leader and a reliable supplier to the EU, Vladimir Rogov, Managing Director and Partner of the Boston Consulting Group (BCG), told Trend.
The European Commission assesses very highly the reforms carried out by Kazakhstan in the field of aviation and civil aviation management, Peter Bombay, Chairman of the European Union Safety Committee of the European Commission's Directorate General for Mobility and Transport, said, Trend reports, citing the Civil Aviation Committee of Kazakhstan.
The new comprehensive agreement between the European Union and Azerbaijan will lay the ground for reinforced energy cooperation, notably on renewable energy, Miriam Garcia, European Commission spokesperson, told Trend.
"This agreement will play a key role in supporting the efforts of the Azerbaijani Government to diversify the economy," she said.
Amid global economic instability, Azerbaijan’s mitigating role in energy crisis is rapidly increasing. With Azerbaijan and the EU agreeing on doubling the supplies of Azerbaijani gas by 2027, the country’s gas exports to Europe are expected to be 20 bcm, while this year at least 11.6 bcm is planned to be supplied. Moreover, Azerbaijan’s total gas exports this year are expected at 24 bcm.
The leaders of Armenia and Azerbaijan will meet in Brussels for talks mediated by the European Union on Aug. 31.
The announcement of the meeting came as Azerbaijani forces assumed control of the Lachin Corridor as per the two countries' 2020 cease-fire agreement, and the operation of an alternative road between Armenia and Nagorno-Karabakh bypassing Lachin is expected to become operational in a matter of days.
From the member states of the European Union, only Austria and Hungary still do not supply Ukraine with weapons to fight against the Russian Federation.
This is reported by RBC-Ukraine, referring to a statement by the Minister of Foreign Affairs, Dmytro Kuleba, made in the national telethon broadcast on most Ukrainian television channels.
The European Commission encourages all parties concerned to accelerate necessary steps to launch the Interconnector Greece-Bulgaria (IGB) as soon as possible, a European Commission spokesperson told Trend, as it received a letter from Romania’s former energy minister.
Romania’s former energy minister Razvan Nicolescu has sent a letter to the EU Commissioner for Energy Kadri Simson, asking to take measures to speed up the launch of the Interconnector Greece-Bulgaria, which is aimed at transporting Azerbaijani gas.
