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.
Ukrainian drones hit the roof of the Zaporizhzhia nuclear plant training centre, causing no major damage and no increase in radiation levels, the Russ...
Russian energy giant Gazprom has signed agreements with Kazakhstan and Mongolia to boost gas cooperation, including increased deliveries to Kazakhstan...
Uzbekistan’s President Shavkat Mirziyoyev and U.S. President Donald Trump have agreed to broaden their strategic partnership and enhance mutually be...
Over 100,000 people have been evacuated in Pakistan’s southern Sindh province as floodwaters continue to rise, officials said on Friday....
Nearly a week after a magnitude 6 earthquake struck eastern Afghanistan, more than 2,200 people have died and tens of thousands are homeless. Resident...
Ukrainian drones hit the roof of the Zaporizhzhia nuclear plant training centre, causing no major damage and no increase in radiation levels, the Russian-installed administration of the Russia-held plant in Ukraine said on Saturday.
Russian energy giant Gazprom has signed agreements with Kazakhstan and Mongolia to boost gas cooperation, including increased deliveries to Kazakhstan in 2025–2026 and a study on gasification in Mongolia’s capital, Ulaanbaatar.
Uzbekistan’s President Shavkat Mirziyoyev and U.S. President Donald Trump have agreed to broaden their strategic partnership and enhance mutually beneficial cooperation, the Uzbek presidency said on Friday following a phone call between the two leaders.
Over 100,000 people have been evacuated in Pakistan’s southern Sindh province as floodwaters continue to rise, officials said on Friday.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Qatar announced the launch of an air bridge Saturday to deliver aid to Afghanistan following a devastating earthquake, one day after confirming that nine aircraft had already arrived in Kabul.
Ukrainian drones hit the roof of the Zaporizhzhia nuclear plant training centre, causing no major damage and no increase in radiation levels, the Russian-installed administration of the Russia-held plant in Ukraine said on Saturday.
Uzbekistan’s President Shavkat Mirziyoyev and U.S. President Donald Trump have agreed to broaden their strategic partnership and enhance mutually beneficial cooperation, the Uzbek presidency said on Friday following a phone call between the two leaders.
Over 100,000 people have been evacuated in Pakistan’s southern Sindh province as floodwaters continue to rise, officials said on Friday.
Nearly a week after a magnitude 6 earthquake struck eastern Afghanistan, more than 2,200 people have died and tens of thousands are homeless. Residents of Bambakot and other villages are living under tents, too afraid to return to their damaged homes.
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