Rõivas: Linking the energy systems of the Baltic states to Europe will ensure improved energy security for Estonia

17.12.2015 | 17:03

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Brussels, 17 December 2015 - Prime Minister Taavi Rõivas met in Brussels today with Maroš Šefčovič, the Vice President of the European Commission, in charge of Energy Union, to discuss the region’s energy projects.
 
The Prime Minister stressed the strategic importance of the BalticConnector gas pipeline for market integration, which is aimed at ensuring the security of supply and competitive gas prices. 
 
Rõivas assured Šefčovič that Estonia was supporting private investors in their desire to create a regional LNG terminal, based on the fact that the project has a market-based business plan.
 
The issues of supplying the region with power were also discussed at the meeting. ‘We will achieve energy security after the Baltic states are desynchronised from the grid of Northwest Russia and linked to the rest of Europe,’ said Rõivas. 
 
In the coming years, Estonia will invest €175 million in creating an additional electricity connection with Latvia; €112 of this sum will be funded by the European Union. The future connection will significantly improve the power supply to western Estonia and the islands.
 
The Prime Minister noted Vice President Šefčovič’s contribution to the development of the European Energy Union and said that the integration of the Baltic Energy Market into the European market as cost effectively as possible is fully in line with the principles of the Energy Union. Rõivas also mentioned that the EU should continue the diversification of energy sources and channels and ensure their full compliance with internal market principles.
 
Photos from the meeting: https://www.dropbox.com/sh/y9mwe14cdueqaix/AADOX-rt4_g4Fuzwpcs_XoiQa?dl=0

Government Communication Unit

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