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.
Chinese Foreign Minister Wang Yi hosted Cambodian Foreign Minister Prak Sokhonn and Thai Foreign Minister Sihasak Phuangketkeow in Yunnan province on ...
More than 1,200 people have been newly displaced in Sudan’s South and North Kordofan states due to escalating insecurity, the International Organisa...
U.S. President Donald Trump said on Sunday that negotiations with Ukrainian President Volodymyr Zelenskyy to end the Russia-Ukraine war are “in the ...
Torrential rainfall across southern and eastern Spain over the weekend has left one person dead and two others missing, authorities said on Sunday eve...
Türkiye on Sunday denied reports that a Turkish Airlines passenger flight diverted from Libya due to fears of retaliation following a Libyan military...
Chinese Foreign Minister Wang Yi hosted Cambodian Foreign Minister Prak Sokhonn and Thai Foreign Minister Sihasak Phuangketkeow in Yunnan province on Sunday, following a ceasefire that ended nearly three weeks of clashes along the Cambodia-Thailand border.
More than 1,200 people have been newly displaced in Sudan’s South and North Kordofan states due to escalating insecurity, the International Organisation for Migration (IOM) reported on Sunday.
U.S. President Donald Trump said on Sunday that negotiations with Ukrainian President Volodymyr Zelenskyy to end the Russia-Ukraine war are “in the final stages,” with security guarantees nearly complete and a 20-point peace plan largely agreed.
Torrential rainfall across southern and eastern Spain over the weekend has left one person dead and two others missing, authorities said on Sunday evening, as overflowing riverbeds swept away vehicles and officials urged residents to stay indoors.
New York placed the state under emergency measures on Friday as a powerful winter storm brought the heaviest snowfall since 2022, disrupting travel across the north-east of the United States.
A 7.0 magnitude earthquake struck offshore near Taiwan’s north-eastern county of Yilan late on Saturday, shaking buildings across the island, including in the capital Taipei, authorities said.
Brigitte Bardot, the French actress whose barefoot mambo in And God Created Woman propelled her to international fame and reshaped female sexuality on screen, has died at the age of 91, her foundation said on Sunday.
Iran is engaged in a “comprehensive war” with the United States, Israel, and Europe, Iranian President Masoud Pezeshkian stated on Saturday.
Japan’s tourism sector has experienced a slowdown after China’s government advised its citizens to reconsider travel to Japan, following remarks by Prime Minister Sanae Takaichi regarding Taiwan.
Chinese Foreign Minister Wang Yi hosted Cambodian Foreign Minister Prak Sokhonn and Thai Foreign Minister Sihasak Phuangketkeow in Yunnan province on Sunday, following a ceasefire that ended nearly three weeks of clashes along the Cambodia-Thailand border.
More than 1,200 people have been newly displaced in Sudan’s South and North Kordofan states due to escalating insecurity, the International Organisation for Migration (IOM) reported on Sunday.
Torrential rainfall across southern and eastern Spain over the weekend has left one person dead and two others missing, authorities said on Sunday evening, as overflowing riverbeds swept away vehicles and officials urged residents to stay indoors.
Türkiye on Sunday denied reports that a Turkish Airlines passenger flight diverted from Libya due to fears of retaliation following a Libyan military delegation plane crash near Ankara.
Gaziantep’s Panorama 25 December Museum, which commemorates the city’s resistance during Türkiye’s War of Independence, continues to attract strong public interest, with nearly 1.5 million visitors recorded in the five years since it opened.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment