Prime Min­is­ter: Latvia’s goal is safety of en­ergy sup­plies and eco­nomic ben­e­fits

Baltic News Network - - News -

Latvia and Baltic States have ac­com­plished good progress in de­vel­op­ment of en­ergy in­fra­struc­ture – in­ter­con­nec­tions were built and Latvia joined NordPool ex­change, says Latvia’s Prime Min­is­ter Māris Kučin­skis.

On Thurs­day, 1 Fe­bru­ary, Kučin­skis met in Riga with Euro­pean Com­mis­sion Vice-Pres­i­dent for En­ergy Union Maroš Še­fčovič. Dur­ing the meet­ing, the two dis­cussed mat­ters as­so­ci­ated with syn­chro­niza­tion of Baltic States’ power lines in the Euro­pean Union, en­ergy trade with third coun­tries, as well as top­i­cal de­vel­op­ments in the re­gional gas mar­ket.

Kučin­skis thanked Še­fčovič for the sup­port pro­vided for the in­te­gra­tion of Baltic States in Euro­pean Union’s en­ergy in­fra­struc­ture. Še­fčovič men­tioned that Baltic States can be con­sid­ered ex­am­ples of suc­cess for EU’s en­ergy pol­icy.

«One of the most im­por­tant ob­jec­tives for Baltic States is the resyn­chro­niza­tion of Baltic power lines from Rus­sia’s net­work and their sub­se­quent syn­chro­niza­tion with Europe’s net­works. By re­al­iz­ing the syn­chro­niza­tion project, it is in Latvia’s in­ter­est to pick the best sce­nario that will en­sure the sys­tem’s sta­bil­ity at the low­est costs and tar­iffs in a long-term per­spec­tive,» said the prime min­is­ter.

It is men­tioned that Latvia con­tin­ues sup­port­ing syn­chro­niza­tion of Baltic power lines with con­ti­nen­tal Europe through Poland, as well as the need for fur­ther tech­ni­cal and eco­nom­i­cal eval­u­a­tion to study the ef­fect from syn­chro­niza­tion. The prime min­is­ter also men­tioned that Baltic and Pol­ish trans­mis­sion sys­tem op­er­a­tors have reached an agree­ment on fu­ture eval­u­a­tion, re­sults from which are ex­pected in May. Based on re­sults of the study it will be pos­si­ble to make the fi­nal de­ci­sion in re­gards to the syn­chro­niza­tion sce­nario and tech­ni­cal side of things.

Kučin­skis also em­pha­sized the im­por­tance of EU fund­ing for the re­al­iza­tion of this project.

As for the gas mar­ket, it was em­pha­sized that Latvia’s gas mar­ket has been suc­cess­fully opened – a year has not passed, but the net­work al­ready has more than 35 traders reg­is­tered in it.

The gas mar­ket will be opened for house­holds this year. Un­bundling of gas trans­mis­sion and stor­age sys­tem op­er­a­tor’s own­er­ship rights will con­tinue. For­ma­tion of a re­gional gas mar­ket by 2020 is a ma­jor chal­lenge, one im­por­tant pre-con­di­tion for which is cre­ation of re­gional in­fra­struc­ture, mod­ern­iza­tion of Inčukalns gas stor­age fa­cil­ity, GIPL and Baltic­conec­torm gas in­ter­con­nec­tions projects, the prime min­is­ter con­cluded.

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