Georgia, EU are “close allies” in implementing Black Sea submarine cable project - Economy Minister
He also pointed out the project was “a great incentive” for investors to invest in Georgia’s renewable energies, as it would enable the country to get connected directly to the “high-purchasing, more predictable, fair European energy market”. Photo via Economy Ministry
Tweet 
Share
Georgian Economy Minister Levan Davitashvili on Thursday said Georgia and the European Union were “very close allies and partners” in implementing the Black Sea submarine cable project, that intends to connect the grids of the South Caucasus and European Union member countries.
At a joint press conference after the meeting with Kadri Simson, the European Commissioner for Energy Affairs, Davitashvili noted the submarine cable project was “mutually beneficial not only for Georgia but also for the EU”.
This is a flagship project that will connect Georgia directly and physically with the EU through the Black Sea submarine cable. It will allow us not only to be institutionally ready to have access to the European energy market but also in the conditions of physical access, to have mutual exchange and to export the energy produced in Georgia”, Davitashvili emphasised.
He also pointed out the project was “a great incentive” for investors to invest in Georgia’s renewable energies, as it would enable the country to get connected directly to the “high-purchasing, more predictable, fair European energy market”.
Georgian Prime Minister Irakli Garibashvili on Thursday told Kadri Simson, the European Commissioner for Energy Affairs, his Government was anticipating the granting of the European Union membership candidate status to the country following the positive recommendation of the European Commission this month.
Davit Narmania, the Head of the Georgian National Energy and Water Supply Regulatory Commission, on Friday said the Government had approved over 30 acts in its commitments to the European Union’s energy-related legal frameworks.
Azerbaijani Prime Minister Ali Asadov on Thursday told the opening event of the Tbilisi Silk Road Forum the development of port infrastructure and growth of civil cargo transportation would contribute to increasing the role of Azerbaijan and Georgia as both countries played an important transit role between Europe and Asia.
Georgian prime minister Irakli Garibashvili on Tuesday announced that the government would present the vision of energy development to society and business “in just a few weeks”, no later than November and would begin its implementation in the “near future”.
Georgia’s European integration process was reviewed on Friday in a meeting between the Georgian Foreign Minister Ilia Darchiashvili and Kadri Simson, the European Commissioner for Energy.
Georgian Economy Minister Levan Davitashvili and Kadri Simson, the European Commissioner for Energy on Thursday held the first EU-Georgia High-Level Energy Dialogue in the Georgian capital city of Tbilisi following the last week European Commission recommendation to grant Georgia the EU membership candidate status.