Georgia, Azerbaijan, Romania, and Hungary today signed the Black Sea submarine electricity cable project in Bucharest, Romania.

Georgian Prime Minister Irakli Garibashvili, President of Azerbaijan Ilham Aliyev, Prime Minister of Romania Nicolae Ciucă, and Prime Minister of Hungary Viktor Orban inked the energy deal. President of the European Commission Ursula von der Leyen attended the signing ceremony.

The electricity cable will connect Georgia and the entire South Caucasus to Romania, allowing the export of “green energy” to Europe and the strengthening of mutual resilience.

The EU Commissioner for Neighbourhood and Enlargement Olivér Várhelyi revealed on December 12 that the EU will allocate EUR 17 billion for the economic and investment plan of the Eastern Partnership (EaP), including EUR 2.3 billion aimed at creating the Black Sea strategic submarine electricity cable between Georgia and the EU.

The two shores of the Black Sea have never been closer.

I’m glad the 🇷🇴🇭🇺🇬🇪🇦🇿 energy agreement puts such a strong emphasis on renewables.

Now we build stronger electricity interconnections ↓ https://t.co/EjE9mt2hL5

— Ursula von der Leyen (@vonderleyen) December 17, 2022