Hungary to receive green energy from Azerbaijan

Hungary to receive green energy from Azerbaijan
# 25 August 2022 12:06 (UTC +04:00)

"The war raging in Ukraine for half a year and the sanctions imposed in response have triggered a deep energy crisis in Europe," Hungarian Foreign Minister Péter Szijjártó said on Facebook, APA-Economics reports citing Daily Hungarian News.

Given the current situation, there is a pressing need for exploring and tapping new sources of energy, he said. From this aspect, Azerbaijan is the most important, even if not the only short- and medium-term partner to be included in Europe’s energy supply, the minister said, noting the recent EU-Azerbaijan energy agreement.

Highlighting the strategic nature of Hungarian-Azerbaijani relations, Szijjártó said Shahbazov had outlined an “excellent plan to generate a large amount of green electricity to be forwarded via Georgia and under the sea to Romania.

"We have quickly agreed that Hungary will join this ambitious plan as for the project to be part-funded by the EU, at least two member states should be involved in it.”

The minister said that Hungary would partly use and partly transfer the green electricity provided by Azerbaijan. Szijjártó said the project could be implemented in three to four years. He said it would contribute to Hungary’s safe energy supply and help it achieve its carbon neutrality targets.

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