Hungarian energy company MVM is eager to contribute to Azerbaijan’s renewable energy projects and sees the Black Sea green energy corridor as a vital step for regional energy diversification.
Hungary’s state-owned energy firm MVM has expressed a strong interest in joining Azerbaijan’s renewable energy initiatives. Speaking at the “Innovative Pathways to a Greener Future” event, MVM CEO Károly Mátrai highlighted the company’s desire to share expertise and explore business opportunities in Azerbaijan’s green energy sector.
Mátrai described the planned green energy corridor under the Black Sea as strategically important for Hungary, drawing a parallel to the Shah Deniz gas project, which previously helped diversify Hungary’s gas supply. The new corridor, he said, offers similar strategic value—this time in the electricity market.
He noted that Hungary currently imports 20–25% of its electricity, depending on weather conditions, due to insufficient domestic production. The green energy corridor, which would connect the Caspian region to Europe, could offer a reliable and cost-effective energy source.
Mátrai also emphasized the broader impact of the project, particularly in the Balkans, where electricity prices can be extremely volatile due to limited generating capacity. The availability of Azerbaijani electricity, he argued, could help lower regional energy costs and enhance overall stability.
Yemen warned the Houthis were seeking to replicate Iran's Strait of Hormuz strategy in the Red Sea, as U.S. President Donald Trump said there was a "g...
Afghanistan and Uzbekistan signed 22 trade agreements worth more than $200 million during a business forum in Kabul on Sunday, as officials from both ...
U.S. diplomats walked out of a UN Security Council meeting on Ukraine after accusing France of making "disingenuous grandstanding" by comparing Washin...
U.S. President Donald Trump said on Monday that there is a good chance” of reaching a deal with Iran, but warned that Washington would resume military operation if negotiations fail.
Iran will halt its own attacks as long as the United States maintains its pause on strikes, but Tehran remains sceptical of U.S. intentions, a senior Iranian source told on Sunday.
The Russia-Ukraine war is increasingly reshaping the Caspian region. From threats to energy infrastructure to renewed diplomatic efforts, countries across the region are adapting to the wider consequences of a conflict that continues to disrupt trade, transport and security.
A New York school district has put plans to introduce a humanoid robot into classrooms on hold after fierce criticism from teachers, Indigenous community members and state education officials over the use of artificial intelligence in schools.
Yemen warned the Houthis were seeking to replicate Iran's Strait of Hormuz strategy in the Red Sea, as U.S. President Donald Trump said there was a "good chance" of a deal with Tehran but warned strikes could resume if talks failed.
U.S. diplomats walked out of a UN Security Council meeting on Ukraine after accusing France of making "disingenuous grandstanding" by comparing Washington with North Korea, Russia and other authoritarian states.
Meteorologists in China have used a swarm of drones to observe Typhoon Noul as it passed through Guangdong province, aiming to improve weather monitoring and forecasting during extreme storms.
Tehran has stressed that its commercial vessel hit by a Ukrainian drone in the Caspian Sea on Saturday was carrying only civilian cargo and vowed to respond appropriately while holding Kyiv responsible for the attack.
Since 1946, nine people have served as UN Secretary-General, the closest thing the world has to a chief diplomat. The role carries no army and little hard power, yet its occupants have shaped how nations respond to war, famine and global crises. Here are five who left the deepest mark.
Two shallow earthquakes hit a remote area of China's Qinghai province on Tuesday, with authorities reporting no casualties or collapsed buildings so far.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment