Latvia's economy minister: Alternative gas pipeline project has begun showing signs of life
Baltic News Network
Tuesday, August 19, 2014
The Agency for the Cooperation of Energy Regulators has decided to divide expenses among the member states of the project for the construction of an alternative gas pipeline through Poland and Lithuania. Latvia’s expenses are estimated at EUR 29.4 million.
Latvia's annual GDP growth slowed to 2.5% in the second quarter of 2014 from 2.8% in the previous quarter, according to the flash estimate by the Central Statistical Bureau (CSBL). At the same time, seasonally adjusted quarterly growth picked up to 1% (0.6% in the first quarter).
On 7-8 August, Minister of EnergyJaroslav Neverovič inspected the work on electrical transformer substations in Alytus (Lithuania) and Elk (Poland), which are part of the LitPol Link power connection. The minister said that even though the schedule is intensive, the substation reconstruction is being carried out successfully.
Norway is among the leading nations in the global energy industry and Lithuania's strategic partner in the Klaipėda LNG Terminal project, the centrepiece of the country's energy independence strategy. Norway's Ambassador to Vilnius Leif Arne Ulland says it has not been an easy battle, but Lithuania is confidently moving forward.
Estonia and Lithuania have so far failed to agree on how the Baltic power grids are to be synchronized with the Western European system and a memorandum of understanding will not be signed during the EU summit on Thursday, as planned, Lithuanian Energy Minister Žygimantas Vaičiūnas said, adding that this might be done later this year.
The Baltic prime ministers say that their countries are ready for Zapad, a major military exercise to be held jointly by Russia and Belarus in September, and feel safe after NATO partners have deployed additional capabilities in the region.
Two terminals could operate on the eastern coast of the Baltic Sea controlled by the three Baltic states – in Lithuania's Klaipėda and in Estonia, which could build a small terminal, Lithuania's Prime Minister Saulius Skvernelis stated on Friday. In his words, the two terminals would supplement each other along with the Inčukalns gas storage facility in Latvia.