While speaking at the meeting, the Deputy Minister of Economy and Sustainable Development of Georgia underscored the country's strategic location between Europe and Asia and noted that Georgia was ready to contribute to Europe's energy security.

According to him, Georgia has a favorable geographical location to successfully fulfill the function of an energy bridge; Romeo Mikautadze cited the project of a cable passing through the seabed of the Black Sea as one of the examples, which would connect Georgia and the South Caucasus region in general to the energy system of the European Union. 

According to Romeo Mikautadze, the 1195 km long cable, which will connect the Georgian and Romanian energy companies, will give the European Union the opportunity to connect with other countries of the South Caucasus through this infrastructure. The Deputy Minister said “the project will make a significant contribution to ensuring the energy stability of the region.” The technical and economic study of the project is currently underway.

The complete research and evaluation of the project is initiated by the Georgian State Electrosystem with the support of the Ministry of Economy and Sustainable Development of Georgia and the active involvement of the World Bank. The study will determine the best ways and opportunities for the practical implementation of the project. The consulting company started the study on May 11, 2022 and its completion is scheduled in 18 months.

Georgia-Romania Black Sea Submarine Cable Project envisages the installation of a high voltage underwater transmission grid. The initiative aims to connect the South Caucasus region with Southeast Europe through the Black Sea underwater power transmission cable, the total length of which will be about 1195 km. (95 km. land and 1100 km. underwater part) and capacity - 1000 MW. The underwater transmission cable will also be equipped with a digital connection that will provide high quality telecommunication between Romania and Georgia.