Kazakhstan, together with Uzbekistan and Azerbaijan, is starting work on a large-scale project to build a transmission line for "green" energy across the Caspian Sea to the EU market, Kazakh President Kassym-Jomart Tokayev said at the EU - Central Asia summit, AzVision.az reports.
Tokayev stated that his country remains a reliable supplier of hydrocarbons to Europe.
"Our country accounts for about 13% of all European Union oil imports, most of which goes through the Caspian Pipeline Consortium (CPC). We highly appreciate the European Union's support aimed at ensuring stable and long-term functioning of this consortium, while developing alternative routes for raw material transportation," he noted.
The politician emphasized that Kazakhstan is implementing important projects in renewable energy and environmentally friendly fuels, increasing wind and solar energy capacities.
"We are also developing 'green' hydrogen production projects together with our long-standing partners Total, Eni, Svevind and other European companies. In addition, Kazakhstan, together with Uzbekistan and Azerbaijan, is starting work on a large-scale project to build a green energy transmission line across the Caspian Sea with further access to European markets," Tokayev noted.
The Kazakh leader states that the country produces 19 of the 34 types of raw materials needed for the EU economy, including uranium, titanium, copper, lithium, cobalt, tungsten, and others.
"As part of an agreement with the EBRD, we are also involved in implementing joint projects for geological exploration and introducing advanced and sustainable practices in the mining industry. Kazakhstan plays an important role in clean energy production, providing about 40% of global nuclear fuel supplies," the politician said.
More about:
