Azerbaijan, Georgia to hold meeting on Black Sea Green Energy Corridor project

Azerbaijan and Georgia will hold a working meeting next week to discuss the Black Sea Energy project, a green energy corridor through the Black Sea to Europe, Omar Tsereteli, a representative of the Georgian Ministry of Economy and Sustainable Development, said in Baku at the Azerbaijan & Central Asia Green Energy Week 2025, Report informs.

He stated that, as part of cooperation with neighboring countries, Georgia is jointly implementing the Black Sea Energy project with Azerbaijan.

As part of this project, the parties continue to "develop ideas and assess what needs to be done for the supply, transit, and export of green hydrogen through pipelines or sea routes to Romania and Europe."

The countries are also continuing to identify potential and possible export routes.

"We held a working group meeting a week ago, and there will be another one next week. We hope that such actions and activities will indeed yield productive results in the near future," he said.

In December 2022, Azerbaijan, Georgia, Romania, and Hungary signed a strategic partnership agreement for the construction of the Black Sea Energy submarine power cable. In 2023, Bulgaria announced its intention to join the project. That same year, the Bulgarian Council of Ministers approved the participation of Bulgarian Energy Holding EAD in the joint venture to implement the project.

In May 2024, the energy operators of Azerbaijan, Romania, Georgia, and Hungary-AzerEnergy JSC, Transelectrica SA, Georgian State Electricity System, and MVM-signed a memorandum establishing the joint venture, and in September, a shareholders' agreement was concluded establishing the Green Energy Corridor (GECO) joint venture.

The cable will initially export 4 GW of green energy. Construction is estimated at €3.5 billion and will take 3-4 years.

The European Commission plans to allocate €2.3 billion for the project.