Lithuanian Parliamentary Parties Reached an Agreement Regarding the Key Strategic Energy Projects

Date

2014 03 31

Rating
0
Lithuanian Parliamentary Parties Reached an Agreement Regarding the Key Strategic Energy Projects
Lithuanian Parliamentary Parties Reached an Agreement Regarding the Key Strategic Energy Projects
On 29 March, the leaders of Lithuanian political parties represented at the Parliament signed an Agreement on the Strategic Guidelines for the 2014–2020 Foreign, Security and Defence Policies. Together with an agreement on the development of defence capabilities, the parties have reached an important consensus on the key strategic projects in the energy sector.

In the agreement, the leaders agreed to implement the projects “as soon as possible”, saying that dependence on imported gas and electricity is a threat to Lithuania’s national security.
 
According to the document, the N-plant project, which has been discussed for years, has to be implemented “in accordance with the terms and conditions of financing and participation improved in cooperation with partners”.

The LNG terminal already has strong political support in Lithuania. It should be completed by the end of this year, thus putting an end to the monopoly of the Russian gas giant Gazprom. The agreement emphasizes that the master pipeline should be controlled by the state before the launching of the gas terminal.

Another important agreement is to install electrical transmission connections with Poland and ensure synchronous electrical interconnection with the networks of continental Europe, ensure the diversification of energy sources, explore the state’s existing energy resources and facilitate the extraction of natural resources.

Such a consensus of opinion shows that the parties acknowledge the necessity to investigate the available energy resources of the state, including shale gas resources, and improve the conditions of their production.