Lithuanian Energy Minister Žygimantas Vaičiūnas on Thursday reiterated that Nord Stream 2, an underwater gas pipeline to be built in the Baltic Sea, will make the European Union even more energy-dependent and will let Russia strengthen its influence on the European energy sector.
Žygimantas Vaičiūnas
© DELFI / Domantas Pipas

The Lithuanian minister said so after signing with his Ukrainian counterpart a joint statement on threats posed by the Nord Stream 2 project.

"Both Lithuania and Ukraine have experienced what such energy dependence means and what is its price for the state and consumers. Nord Stream 2 poses threat not only to the fundamental goals of the Energy Union but it is also becoming a threat to the solidarity of EU states", Vaičiūnas said in a statement.

The Nord Stream 2 project has faced opposition from a number of EU member states, including Lithuania, Poland and Denmark. These countries view it as a political and not commercial project. They believe the project is aimed at undermining Ukraine and dividing Europe. Russia hopes to implement the project in 2019 when its gas transit contract with Ukraine expires.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Nauseda will veto budget if it fails to meet fiscal discipline

Lithuanian President Gitanas Nauseda says he will not sign into law in a budget bill that does not...

GetJar founder's crowdfunding platform to allow tokenizing real estate (1)

GetJar founder Ilja Laurs is creating a crowdfunding platform, named Oz Finance, that will allow...

Energy Minister: Ukraine interested in our natural gas projects (1)

As part of efforts to diversify its gas supply sources, Ukraine is taking a keen interest in the...

Up the ladder: Lithuania rises in World Talent Ranking

Lithuania has gone up by eight notches to 28th position among 63 countries in the IMD World Talent...

Top wealth list released (1)

Nerijus Numavicius , the majority shareholder of Vilniaus Prekyba (VP), remains the richest...