Bulgarian Energy Minister Zhecho Stankov and EU Energy Commissioner Dan Jørgensen discussed the implementation of key infrastructure projects, including the Black Sea Energy cable, which involves supplying green energy from Azerbaijan to Europe through Georgia and Romania, Report informs, citing the Bulgarian Ministry of Energy.
“At the meeting in Brussels, the parties emphasized the need to strengthen interconnection in electricity and gas supply. In this regard, the accelerated construction of the Vertical Gas Corridor was discussed. The Green Energy Corridor initiative, based on strategic partnership in green energy between the governments of Azerbaijan, Georgia, Romania and Hungary, was also discussed,” the ministry said.
The Ministry of Energy notes that Bulgaria has supported the Black Sea Energy project “from the very beginning” and received an invitation to join the project.
“The project has strategic importance for strengthening regional and national energy security, and Bulgaria can play an important role in it. In parallel, opportunities for strengthening regional energy cooperation between Bulgaria, Türkiye, Azerbaijan and Georgia are being discussed, with emphasis on green electricity transmission and trade,” the statement says.
Stankov also presented to the EU Commissioner the government’s main priorities in the energy sector, which will be enshrined in the cabinet’s program. “Bulgaria will work on diversifying energy sources, developing nuclear energy and green technologies, as well as improving energy efficiency,” he said.
Black Sea Energy provides for the supply of green energy generated in the Azerbaijani sector of the Caspian Sea to Georgia, and then via a cable laid along the Black Sea bed to Europe. This corridor plans to export 4 GW of green energy annually.
The feasibility study is already in its final stage. The construction will take 3-4 years. The European Commission plans to allocate 2.3 billion euros for the project.