Energy minister of Moldova: Caspian region has significant opportunities in renewables sector

The Caspian Basin region has significant opportunities in the field of renewable energy sources, Minister of Energy of Moldova, Victor Parlicov, said in an interview with Report.

“It’s also a moment to think beyond what the southern corridor is today, because the Caspian region does not finish in Azerbaijan, there are potential producers of gas and producers of renewable energy and hydrogen across the Caspian Sea. So we should probably think beyond about extending the Caspian corridor, both the southern corridor, in terms of bringing more capacity to be able to transport more gas towards Europe, but also to extend the sources and embrace sources from the other part of the Caspian Sea, and therefore diversify even more the supplies of gas and build more strategic partnerships between Europe and the Caspian region,” he noted.

“But particularly after the invasion of Russia in Ukraine and the change of the whole geopolitics around the energy, the southern corridor played an important role and Azerbaijan played an important role in securing gas supplies and security of gas supplies in Europe. But it is also moment of celebration for the success of the project that proved to be successful and useful after a major change, let’s say, due to the war in Ukraine.”