The Romanian and Azeri energy regulatory authorities ANRE and AERA signed on Thursday a Memorandum of Understanding (MoU) marking the beginning of an in-depth bilateral cooperation on energy market regulation, ANRE informed in a release.
This agreement strengthens the Romania - Azerbaijan strategic partnership started in 2009 and continued through the Green Energy Corridor Agreement signed in Bucharest in 2022, together with Georgia and Hungary.
The scope of the Memorandum includes: the exchange of best practices regarding the energy market regulation, with a focus on electricity, natural gas, green hydrogen and energy infrastructure; the organization of bilateral visits, training sessions for experts and joint participation in events; the promotion of a cooperation framework for the exchange of data, studies and information of shared interest.
"This Memorandum is more than a symbolic document - it is a platform for concrete action. Together with AERA, we are committed to building a modern, open and predictable regulatory framework that supports the integration of regional markets and encourages investments in green energy," said ANRE president George Niculescu, as cited in the release.
The signing of the Memorandum took place on the sidelines of the 11th Meeting of the Southern Gas Corridor Advisory Council and the 3rd Ministerial Meeting of the Green Energy Advisory Council, which will take place in Baku on April 4, 2025.
In the context of ANRE's turning from a classic regulatory authority into a strategic actor, oriented towards investments, digitalization and regional integration, the partnership with AERA strengthens Romania's role as a regional leader in the field of energy regulation, the release also states.
"Both Romania and Azerbaijan are key pillars in the development of the Green Energy Corridor, which connects the Caspian Sea region to Europe. This partnership will support the harmonization of regulations for cross-border projects, the promotion of green hydrogen and the increase of investor confidence through stability and transparency. ANRE reaffirms its commitment to modern, citizen-oriented regulation and supports international cooperation initiatives that contribute to energy security and sustainability in the region," ANRE representatives said.
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