In order to implement the memorandum, a joint working group of the two countries will be formed, whose task will be to develop and agree on precise cooperation rules.
The memorandum envisages the creation of a cooperation framework between Latvia and Estonia for the joint chartering of floating storage and regasification equipment, as well as for the management of Paldiski port facilities and shore gas infrastructure in case of a natural gas supply crisis.
Climate and Energy Minister Raimonds Čudars ("New Unity") stated that the signing of the memorandum is another step to strengthen the security situation in the Baltic region.