European Nations Join Azerbaijan In Ambitious Green Project | OilPrice.com

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 68%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Azerbaijan, Georgia, Hungary, and Romania inked an agreement for the Caspian Sea-European Union Green Energy Corridor to transfer green energy from Azerbaijan to Europe.

with Azerbaijan to provide assistance with Azerbaijan's renewable energy plan in return for Baku agreeing to double gas exports to Europe by 2027.

Delegates at the meeting in Bucharest were told that the feasibility study is expected to be completed in October, with further coordination of feasibility work entrusted to Azerbaijan's State Agency for Renewable Energy Sources.and benefit the economies of Azerbaijan, and Georgia and those countries in central and southeastern Europe through which new or expanded transit lines pass.To begin with, the studies conducted so far were completed before Russia's invasion of Ukraine.

A similar risk would be faced by any vessel laying a cable across the Black Sea. The cable itself would present a comparatively simple target for would-be saboteurs. And without guarantees that there will be a cable to carry power to European markets, it's difficult to see how Baku will be able to persuade international investors to fund its ambitious plans for generating green energy for export.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The humble heat pump blows a green wave across Europe\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Source: ftenergy - 🏆 47. / 63 Read more »