Energy security of Ukraine: the EU wants to lay an energy cable in the Black Sea
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A new energy project has been agreed with Romania, Hungary, Georgia and Azerbaijan as part of a €17 billion investment plan. The submarine cable can help restore Ukraine's energy system.
The European Union is considering a project to lay an underwater energy cable in the Black Sea. This was stated by the head of the European Commission (EC), Ursula von der Leyen, at the signing of the Memorandum of Understanding on the Black Sea Energy project in Bucharest.
The European Union, according to her, needs the integration of renewable energy sources and “strong electrical connections” .
“That is why the Black Sea electric cable between Romania, Georgia and Azerbaijan is so important. This is a really ambitious project, it will connect us on both sides of the Black Sea and go further towards the Caspian Sea,” the head of the EC informed.
The project will strengthen reliability of the renewable energy supply chain to the European Union via Romania and Hungary, explained von der Leyen.
“This project can also be of great benefit to Georgia – to turn its energy hub and integrate it into the internal EU electricity market. The Black Sea cable could help provide electricity to our neighbors in Moldova, the Western Balkans, and, of course, Ukraine,” Leyen said. .
The project will help start the restructuring of the Ukrainian energy system and the reconstruction of the country. The EU authorities are now awaiting the results of the feasibility study of the project.
“The submarine cable for transmission of electricity across the Black Sea will be a window of new opportunities, in particular, it can help Ukraine in the restoration of the energy system,” the head of the EC concluded.
European Union Commissioner for Neighborhood and Enlargement Policy Oliver Várhelyi welcomed the signing of an agreement on the development and transmission of green energy between the governments of Georgia, Azerbaijan, Romania and Hungary.
According to him, the agreement was signed within the framework of the European investment plan for 17 billion euros.
The volume of emergency supplies of electricity, according to him, will be up to two gigawatts. The network of EU operators must give special permission for such supplies.
On November 27, Ukraine was able to import 1 MW of electricity from Romania in a test mode. Prior to this, a trial import was from Slovakia on October 27.