Baltic Prime ministers push closer to joint LNG market

Baltic Prime ministers push closer to joint LNG market
Image courtesy of lrv.lt

Prime ministers of three Baltic countries, Lithuania, Latvia and Estonia have agreed to pursue the development of joint LNG infrastructure in the region. 

The heads of government have decided to give two weeks to finalize the agreement and prepare the text for the European Commission.

According to Lithuania’s prime minister Saulius Skvernelis, the agreement on a regional LNG infrastructure package would contribute to the diversification of gas supply.

In addition, he said the agreement would provide commercially attractive opportunities for cooperation between the companies in the Baltic region, also gaining an advantage over the Russian pipeline gas.

Skvernelis, who visited the Latvian Inčukalns gas storage facility for the Baltic prime minister’s meeting on LNG issues, added the agreement would decrease rates for the consumers by 5-7 percent from 2019.

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >