"Minister of Foreign Affairs and Trade of Hungary, Péter Szijjártó announced that the project enabling the future import of green electricity from Azerbaijan and Georgia to Hungary and Romania is approaching a critical point of no return. During a meeting in Bucharest regarding the Hungarian-Azeri-Georgian-Romanian green energy partnership, the minister emphasized the importance of energy security as a key element of national security in these challenging times," Zoltan Kovacs, the spokesman of the Hungarian Prime Minister, wrote on X, APA reports.
"Szijjártó outlined Hungary's energy strategy, which rests on four pillars: expanding nuclear capacity through the construction of two new reactors at the Paks nuclear power plant, significantly increasing solar energy capacity, seeking cooperation with reliable energy suppliers, and incorporating new supply routes. He highlighted the Green Energy Corridor project as a prime example, which will introduce new green energy sources from Georgia and Azerbaijan, enhancing Hungary's sustainability in electricity consumption.
The minister noted that the project is advancing rapidly, with the participating countries' electricity companies forming a joint venture and plans to sign an amended green energy partnership agreement soon. He expressed hope that the EU will provide financial support for the infrastructure development necessary for this endeavor, stressing that the success of such projects often depends on funding. The undersea cable, stretching 1,100 kilometers, will set a record for length and facilitate the import of green electricity once completed," the post reads.
Note that on September 3, the 8th meeting of the ministers of the four countries is being held for the purpose of implementing the "Agreement on strategic partnership in the field of development and transmission of green energy between the Governments of the Republic of Azerbaijan, Georgia, Romania, and Hungary" in the capital city of Bucharest. Minister of Energy Parviz Shahbazov also participates in the meeting.