The representatives of the governments of Georgia, Azerbaijan, Romania, and Hungary discussed the progress of the Black Sea submarine cable project and key issues related to the development of green energy during a ministerial meeting.

The participants also addressed details regarding establishing a joint company and outlined steps for the project’s further development.

The European Commissioner for Energy, Kadri Simson, and a representative from the Bulgarian government attended the session.

In his address, the Georgian First Vice Prime Minister, Levan Davitashvili, emphasized that, in parallel with the increasing energy consumption every year, Georgia is striving to develop existing resources and diversify import sources to achieve energy security. Additionally, according to Davitashvili, Georgia is expanding its role as a transit country not only for hydrocarbons but also for electricity.

“Enhancing and expanding connections is an ongoing process, and we are actively developing new projects. Specifically, Georgia has the opportunity to establish a direct connection to the European energy systems via the planned Black Sea submarine cable. The implementation of this project will yield a substantial economic and transformative impact for Georgia, fostering further economic growth and development,” stated the Economy Minister.

According to his assessment, the Black Sea submarine cable project is an important step toward energy security and environmental sustainability.