BUCHAREST – Hungary’s Foreign Minister Péter Szijjártó recently announced that the Black Sea Submarine Cable project, a significant initiative for importing green electricity from Azerbaijan and Georgia to Hungary and Romania, is nearing a crucial phase of development where turning back is no longer viable.

According to Azeri-Press News Agency, the spokesman of the Hungarian Prime Minister, during a meeting in Bucharest focused on the Hungarian-Azeri-Georgian-Romanian green energy partnership, Minister Szijjártó stressed the importance of energy security, which he described as vital to national security during these challenging times. The meeting highlighted Hungary’s strategic energy plans, which include expanding nuclear capacity with new reactors at the Paks nuclear power plant, increasing solar energy output, seeking cooperation with reliable energy suppliers, and developing new energy import routes.

The minister emphasized the Green Energy Corridor project as a critical element of Hungary’s energy strategy, enhancing the country’s sustainability in electricity consumption by integrating green energy sources from Georgia and Azerbaijan. The project has seen significant progress, with the electricity companies of the involved countries forming a joint venture and nearing the signing of an amended green energy partnership agreement. Szijjártó expressed optimism that the European Union would provide financial backing for the necessary infrastructure developments, noting that the success of such large-scale projects often hinges on adequate funding.

The submarine cable, set to stretch 1,100 kilometers, is poised to become a record-setting infrastructure piece that will facilitate the importation of green electricity upon completion. The project underscores a broader regional effort to secure energy independence and sustainability through innovative solutions.