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Lithuania’s experience in tackling energy security challenges highlighted in Athens Conference

Date

2019 10 30

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First Deputy Chancellor of the Government Deividas Matulionis took part in the 4th EU-Arab World Summit ‘A Strategic Partnership’ in Athens and gave a presentation at the session on the prospects and challenges of energy security.

The First Deputy Chancellor highlighted Lithuania’s experience in undertaking substantial changes vis-à-vis resilience to using energy resources as a tool for political pressure.

‘Now Lithuania is much safer and independent from an energy security point of view than it was e.g. ten years ago - due to energy policy placing emphasis on diversification of energy resources, investments in energy infrastructure – first in the Baltic sea LNG terminal, electricity and gas interconnections with Poland and Sweden - development of alternative energy and energy efficiency’, said Matulionis.

It was pointed out that Lithuania became a regional energy hub, as the country already has, and further develops, the most solid gas and electricity infrastructure in the region. These projects demonstrate Lithuania’s responsibility for own and regional energy security.

The EU-Arab World Summit is an international forum of economic and political dialogue between the EU and the Arab World. The 4th Summit ‘Strategic partnership” will focus on economic cooperation and investments, especially in the fields of energy, trade, science, technology and healthcare.