Economic

The Republic of Moldova and Azerbaijan have potential for cooperation in the energy sector. Constantin Borosan: "We need to focus on three elements"

The Republic of Moldova and Azerbaijan have the potential for long-term cooperation in the energy sector, said the Secretary of State of the Ministry of Energy of the Republic of Moldova, Constantin Borosan, in an exclusive interview for the Trend portal. According to the Moldovan official, in order to strengthen energy security, it is necessary to develop infrastructure and interconnections between states, cooperation and trust between partners.

"To strengthen energy security, we need to focus on three main elements. One is the development of infrastructure and interconnections between countries. Moldova is already connected to the Southern Gas Corridor, so the infrastructure is there. The second element is cooperation. Having platforms for cooperation between countries is crucial. And the third element is trust between partners. Based on these elements, we can build even more trustworthy, good and long-term relations between Moldova and Azerbaijan," said Constantin Borosan.

He recalled that last year, the Azerbaijan-Moldova Intergovernmental Commission held a session that also focused on energy cooperation.

"Discussions covered renewable energy, energy efficiency, regulation of energy markets and fossil fuels. In December 2022, Bucharest hosted a ceremony to sign a memorandum to build an undersea electricity cable linking Azerbaijan and Romania. Both countries play a crucial role in strengthening Europe's energy security and Moldova, as a neighbouring country, has an interconnection with Romania for electricity supply. As such, this project will contribute to enhancing the energy security of the whole region," added the State Secretary.

Recently, Azerbaijan has become one of the main countries replacing Russian energy resources on the European market. In 2022, the volume of gas deliveries from Azerbaijan to the European Union reached 12 billion cubic metres, and by 2027 Baku plans to double this figure, according to Newsweek.

At the Political Community Summit held in the Republic of Moldova on 1 June, one of the key topics discussed was energy resilience.

Viorica Rusica

Viorica Rusica

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