Armenia is considering the possibility of supplying renewable energy to the EU. This was stated by the Minister of Foreign Affairs of Armenia, Ararat Mirzoyan, at a joint press conference with the Hungarian Foreign Minister, Peter Szijjarto, in Budapest on May 6th.
"We are also considering the issue of supplying renewable energy from Armenia to EU member states. In this regard, there are specific initiatives and programs that are still being discussed or will be implemented soon," Mirzoyan said, adding that Armenia wants to be part of all these initiatives.
He also reiterated the importance for Armenia of international economic projects and the desire of Yerevan to be part of them. In this context, the Armenian minister talked about the "Crossroads of Peace" initiative presented by the Armenian government, aimed at unlocking transportation communications in the South Caucasus region.
"This initiative plans to unlock all transportation and non-transportation nodes, connections, infrastructures in our region, in the South Caucasus, which will facilitate passenger transportation, freight transportation, and the transportation of services from East to West, including through the territory of Armenia," he said.
Earlier, official Yerevan announced its readiness to contribute to Europe's energy security, which, according to the Armenian side, is only possible with Armenia's participation in the regional project of laying an electric cable on the bottom of the Black Sea.
The project involves creating an underwater power cable across the Black Sea, connecting Azerbaijan to Romania, with the participation of Georgia and Hungary. In December 2022, a corresponding agreement was signed in Bucharest. The European Union plans to allocate 2.3 billion euros for the implementation of this project, aimed at opening up new opportunities for trade in renewable energy between EU countries and the South Caucasus.
