BAKU, Azerbaijan, October 2. Azerbaijan and the
European Union (EU) discussed expanding cooperation on the
Caspian-Black Sea-Europe Green Energy Corridor.

Azerbaijan’s Energy Minister Parviz Shahbazov said this in a
post on his X account.

“We held the fourth meeting of the Azerbaijan-EU High-Level
Energy Dialogue with Dan Jorgensen, EU Commissioner for Energy and
Housing Policy, in Brussels. We discussed energy security, reliable
gas supplies, renewable energy and expanding cooperation on the
Caspian-Black Sea-Europe Green Energy Corridor.

“We expressed our mutual interest in further strengthening the
strategic energy partnership between Azerbaijan and the EU through
green energy and electricity interconnections. We emphasized the
importance of including the Green Energy Corridor project on the
list of Projects of Mutual Interest (PMIs) amid growing
electrification and demand for green energy in Europe,” the post
said.

Earlier, Energy Minister Parviz Shahbazov said the Caspian-Black
Sea-Europe Green Energy Corridor is targeted to be commissioned in
stages starting in 2032 and to reach full capacity in 2040.

“The feasibility study for the Caspian-Black Sea-Europe Green
Energy Corridor, with a total transmission capacity of 4 gigawatts,
has confirmed the feasibility of implementing the project. A final
investment decision is targeted for 2029, with the corridor to be
commissioned in stages starting in 2032 and reach full capacity in
2040,” the minister said.

According to him, the corridor connecting Azerbaijan with
Hungary has been included as a single project in the draft Ten-Year
Network Development Plan of the European Network of Transmission
System Operators for Electricity.

“An application to obtain the European Union’s Project of Mutual
Interest status may be submitted in the coming days. Attracting
grants and concessional financing under the relevant European Union
mechanisms is of key importance for implementing the project,”
Shahbazov emphasized.

The minister noted that the project will connect not only energy
systems but also economies and investment opportunities,
contributing to expanded interregional cooperation, diversification
of Europe’s energy supplies and the transition to clean energy.