The Minister informed those present that this past June, Latvia hosted the Three Seas Initiative Summit and Business Forum as its input to the strengthening of transatlantic cooperation with likeminded partners, especially in economy. Working in the Three Seas format, the countries should pool efforts to address the needs for the diversification of energy supplies, according to an account by the Ministry of Foreign Affairs.
.@edgarsrinkevics takes part in the 🇱🇻🇺🇸 Business Forum: “It is essential not to create new dependencies on authoritarian regimes in energy supply. We call on 🇺🇸 to develop LNG terminals to ensure the availability of gas for regional and EU markets.”— Latvian MFA 🇱🇻 | #StandWithUkraine 🇺🇦 (@Latvian_MFA) September 19, 2022
➡️ https://t.co/y3lV6W3i97 pic.twitter.com/IDnNLdEmr2
The Trade and Technology Council established last year is vital for the European Union and the United States to respond to and address common geopolitical problems, Edgars Rinkēvičs said. He welcomed enhanced cooperation in the areas such as export control and investment screening, in particular, in view of joint sanctions against Russia, resilience of supply chains, and security and safety of critical technologies. Our work on this council will reinforce the global leadership of the European Union and the United States based on our common values, for instance, the rule of law and human rights, the Minister underlined.
He also called on the United States to develop liquefied natural gas terminals to ensure the availability of gas for regional and EU markets, the Minister noted. He added that Latvia had taken a decision to replace Russian gas with alternative supplies of liquefied natural gas as from 1 January 2023.
The Minister informed the audience about Latvia’s plans to develop a cross-border offshore wind park project and about the opportunities for developing and manufacturing high technologies in Latvia.