Georgia, Azerbaijan, Romania, Hungary, sign green energy development and transport strategic partnership deal, Romanian president's office reports
Georgia, Azerbaijan, Romania, Hungary, sign green energy development and transport strategic partnership deal, Romanian president's office reports

Georgia, Azerbaijan, Romania, and Hungary will sign the agreement between the governments regarding the Strategic Partnership in green energy development and transport fields on December 17.

According to the Romanian president’s office, the agreement is based on the interests of the four states related to strengthening national and regional energy security and connectivity in the Black Sea basin, diversifying supply sources, capitalizing on the potential of renewable energy production in the Caspian region, and increasing the share of renewable energy in the national energy mix.

The intergovernmental quadrilateral agreement will provide the financial and technical framework for the realization of the project of the submarine cable for the transport of electricity from renewable sources between Romania and Azerbaijan, via Georgia and the Black Sea, and subsequently for the transport of this energy to Hungary and the rest of Europe, through the European system of transport.

The project of the submarine electricity transmission cable through the Black Sea is part of the agreements in the energy field agreed upon between the European Union, represented by the European Commission, and the Republic of Azerbaijan, while also being a flagship project for Georgia as part of the EU Global Gateway strategy.

The agreement will be signed by the President of the Republic of Azerbaijan, Ilham Aliyev, the Prime Minister of Georgia, Irakli Garibashvili, the Prime Minister of Romania, Nicolae Ciucă, and the Prime Minister of Hungary, Viktor Orban. The European Commission’s President, Ursula von der Leyen, will attend the signing ceremony in Bucharest’s Cotroceni Palace.