Baltic countries are to establish an energy alliance

Wyborcza.biz announces that three Baltic countries (Lithuania, Latvia and  Estonia) have signed a declaration on energy supply security. The understanding is intended to enable joint use of the Klaipeda gas terminal and of a large gas storage facility in Latvia.

This is the first understanding in that area between Lithuania, Latvia and Estonia. According to a release by the Lithuanian Ministry for Energy, the signatories to the understanding agree to:

  • diversify energy supply sources and routes,
  • upgrade their energy infrastructure facilities,
  • implement the EU third energy package,
  • ensure transparent rules of access to the gas transmission pipelines in Baltic countries.

According to Wyborcza.biz, the Baltic countries plan to establish a regional gas market coordination group. Synchronization of Lithuanian, Latvian and Estonian power systems with the EU market was highlighted as a precondition for ensuring energy security. The importance of cooperation with Poland to energy security of the Baltic countries was emphasized.

The floating LNG (liquid natural gas) terminal was commissioned on 1 January 2015 in Klaipeda (Lithuania). This South Korea-built special unit called “Independence” is fitted with a gas storage installation (capable of storing 170 kcm of liquefied gas or approx. 100 Mcm of natural gas), as well as with LNG handling and regasification facilities. Statoil is to supply the gas. In the first year of operation the terminal is to receive up to 1.5 Bcm of liquefied gas and ultimately its capacity will increase to 4 Bcm per year.

According to estimates, the terminal will satisfy up to 90% of annual gas requirements of three Baltic countries: Lithuania, Latvia and Estonia. Thanks to the floating terminal the Baltic countries will be no longer reliant on gas supply from Russia.

16.01.2015

source: wyborcza.biz

photo. kresy24

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