Georgian deputy economy minister promotes energy sector at Abu Dhabi conference
The Abu Dhabi conference was opened on Monday and will come to a close today. Photo: Adipec Official
Tweet 
Share
Georgian deputy economy minister Romeo Mikautadze joined global energy leaders, policymakers and industry professionals at the ongoing Abu Dhabi International Petroleum Exhibition and Conference and spoke about the current trends in the Georgian energy sector, the ministry of economy announced on Thursday.
The state body said Mikautadze had promoted the "favourable investment environment" in the sector and became involved in a panel on opportunities of transporting Caspian energy resources to Europe. He noted the current transmission infrastructure supplying hydrocarbons produced in the Caspian region to the European Union market.
The deputy minister said that the development of the energy sector of Georgia was related to the increased use of renewable energy sources, development of electricity transmission infrastructure and transportation of energy received in the South Caucasus to Europe.
Photo: Adipec Official
Georgia is working with partner states on the project of an electric transmission line on the bottom of the Black Sea that would make the energy system of the South Caucasus a part of the EU network, the official also told participants.
The Abu Dhabi conference was opened on Monday and will come to a close today.
The Georgian government expects the country's energy sector to receive investments worth $3 billion over the next three years "if all projects being considered are launched", prime minister Irakli Garibashvili said at the government meeting on Monday.
Hungarian prime minister Viktor Orbán on Thursday said his country was interested in receiving electricity from Azerbaijan through Georgia and Romania, following a meeting with Georgian prime minister Irakli Garibashvili in Budapest.
Georgian economy minister Levan Davitashvili on Wednesday highlighted the potential of the renewable energy sector of the country’s economy at an international conference hosted in Tbilisi, where he said attracting investments in the area was a “main priority” for the government.
Azerbaijan is planning to increase electricity and natural gas exports to Europe, with the latter to use pipelines located in Georgia, president Ilham Aliyev said in a joint press conference with Georgian prime minister Irakli Garibashvili on Monday.
Romeo Mikautadze, the Georgian First Deputy Minister of Economy and Sustainable Development, on Thursday said his office had signed 60 deals with investors worth $800 million last year that were expected to add more than two billion kWh to the local energy generation annually.