aA
Lithuania would only build an underground natural gas storage facility in Syderiai, north-west Lithuania, if it obtained the European Union’s (EU) support for the 300-million-euro project and if it failed to agree with Latvia on access to the Incukalns storage facility, energy minister has said.
Rokas Masiulis
Rokas Masiulis
© DELFI / Šarūnas Mažeika

“The amount is large enough and we believe that such a storage facility would be practical if we received European support. Whether it is possible or not to get such support, should be known in 2016… Lithuania’s actions will also depend on our relations with the Latvians and on access to the Incukalns storage facility, since we have to find the most cost effective option,” Rokas Masiulis told reporters after the government’s meeting on Wednesday.

The minister believes that Poland’s participation in the project would improve chances to get EU support.

Asked which option – Syderiai or Incukalns – would be more cost-effective, Masiulis said that the respective calculations still had to be made.

“Then we’ll see. It will also depend on negotiations. It’s difficult to say thus far,” the minister said, adding that Poland was seen as the most feasible partner for applying for the EU support.

Prime Minister Algirdas Butkevičius said that Latvia had not yet implemented the EU’s Third Energy Package and had not yet established clear and non-discriminating rules on third party access to the Incukalns storage facility, hence Lithuania still considered the alternative of storing gas in Syderiai.

He also spoke about the importance to agree with Poland on the Syderiai project.

Masiulis explained that the storage facility in Syderiai would be able to hold the volume of approximately 1 billion cubic meters, including a 500-million cubic-meter gas ‘cushion’. The capacity of the storage facility could be increased if necessary and the project would be implemented in approximately 7 years.

BNS
Naujienų agentūros BNS informaciją skelbti, cituoti ar kitaip atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB "BNS" sutikimo neleidžiama.

Finance minister: coronavirus to affect economy

The widening coronavirus outbreak will have implications for the Lithuanian economy , Finance...

Lithuanian businesses might feel coronavirus effect in spring

The coronavirus outbreak in China is already affecting Lithuanian businesses as some companies...

Leader in gaming and VR platforms to undergo major expansion in Lithuania

Unity Technologies , creator of the world’s most widely used real-time development platform for...

German polymer specialist establishing microduct systems production unit in Klaipeda

REHAU , a family-owned polymer specialist with annual sales of around EUR 3.5 billion, is...

Five cities may get another EUR 30 mln to buy electric buses

Lithuania's authorities are considering providing another 30 million euros in EU money to Vilnius,...

Top news

Lithuania declares nationwide emergency due to coronavirus threat

The Lithuanian government declared on Wednesday a nationwide emergency in an effort to minimize...

Installation of Chinese CCTV in Kaunas raises security concern

The installation of a CCTV system produced by Chinese company Hikvision in Lithuania's...

Police chief in Kaunas Zukauskas sacked

Darius Zukauskas , chief of Kaunas County Chief Police Commissariat , has been dismissed from the...

Lithuanian author long-listed for prestigious UK literary award

Noir Press announced that Lithuanian author Grigory Kanovich has just been long-listed for the...

Lithuanian model Ieva hits the London Fashion Week catwalk

A Lithuanian student from Kėdainiai swapped designing clothes for modelling them at one of the...