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.
© RIA/Scanpix

"Thanks to Latvia’s initiatives and activity in this matter, an important decision regarding division of financial investments has been made. This means the construction of an alternative gas pipeline is becoming a reality," notes Latvian Economy Minister Vyacheslav Dombrovskis.

This alternative pipeline will connect the Baltic States with Central and Eastern European gas markets, including Poland’s LNG terminal. It is also an important step for Latvia in the context of energy security, as reported by the Economy Ministry.

"During our meeting with Polish Deputy Prime Minister Janusz Piechociński this summer, we discussed the progress of this project and the necessity of making decision that would help differentiate gas supplies in the near future and help countries increase their energy security. By this I mean the necessity of reviewing the financial contribution each country participating in the project will need to make. And on 11 August, ACER made the decision, in which the total funding Poland will receive is much lower than what was initially planned," said the minister.

Over the past several months, Dombrovskis has been discussing the progress of the project with European Energy Commissioner Günther Oettinger, Polish Gaz System Company Manager Jan Hadam and Lithuanian Energy Minister Jaroslav Neverovič.

"Latvia’s contribution to this project has been reduced by nearly five million and will be EUR 29.4 million. The paying of this amount will take several years," says Dombrovskis.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Technical scenario for Baltic grid synchronization approved in Brussels (Updated)

The project for the synchronization of the Baltic power grids with the Continental European system...

Lithuanian transport minister calls Latvia's claims over Renge 'a stab in the back'

Lithuanian Transport Minister Rokas Masiulis says that Latvians' demand that Lietuvos...

Lithuania, Latvia holding talks on ambulance services in border areas

Lithuania and Latvia are holding talks on the provision of ambulance services in border areas.

Lithuanian military helicopters continue to help Latvia, Sweden fight wildfires

Two Mi-8 helicopters of the Lithuanian Air Force have been helping to fight wildfires in Latvia...

Latvia thanks Lithuania for help in extinguishing fires

Latvia on Wednesday thanked Lithuania for its assistance in extinguishing forest and peat fires in...