US and Baltic states reinforce LNG cooperation

US President Obama, Lithuanian President Dalia Grybauskaite, and Latvian President Andris Berzinš participated in a joint meeting hosted by Estonian President Toomas Hendrik Ilves in Tallinn on 3 September. Their discussions emphasised the cooperation between the US and the Baltic states, which are grounded in shared values, ideals, and interests.

The leaders highlighted ongoing collaboration in a number of key areas, including economic, energy and environmental cooperation.

Energy security

The White House stated: “Lithuania is rapidly moving to reduce energy dependence on a single supplier. Its energy strategy aims to increase both energy efficiency and energy diversification through the development of nuclear, LNG, renewable, and unconventional energy. Lithuania is also working to promote competition, interconnection, and investment in the local and EU energy markets.

“This winter, Lithuania will inaugurate a new LNG import terminal at the port of Klaipeda. In 2015, electricity connections with Poland and Sweden are scheduled to come online. We are also working closely with Lithuania to share best practices in the sustainable development of unconventional hydrocarbon resources. Together, these projects will greatly enhance Lithuania’s energy security.”

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/03092014/us-and-baltic-states-discuss-energy-cooperation-1331/