Baltic PMs: Regional gas market would be a good thing

Take note – story published 7 years and 5 months ago

The Prime Ministers of the three Baltic states met in Riga December 9 under the auspices of the Baltic Council of Ministers and while there were no surprises, the main focus was on opening up regional energy markets and moving the Rail Baltica railway project forward.

"Today signed agreement on creating a regional gas market," Latvian PM Maris Kucinskis said, though the document in question is more a statement of good intentions than a binding commitment to a specific course of action.

Lithuania's outgoing PM, Algirdas Butkevicius said "It is important there is an effective regional gas market... the agreement signed today helps create that market."

The text of the gas agreement, which begins by harking back to an agreement signed nearly three years ago, says:

"The Prime Ministers agree that efforts should be continued to jointly decide on the most economically viable long-term regional solution to ensure diversified and secure gas supply to the Baltic States and to jointly seek EU financial support for implementation of such [a] solution."

Estonia's Juri Ratas expressed similar sentiments.

The Prime Ministers should be updated on progress to create a joint gas market at least once a year, the document added.

You can read the full text in English HERE.

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