Monday, September 28, 2020
Home Finance & Regulations Lithuania and Poland to cooperate in the Baltic electricity and gas markets

Lithuania and Poland to cooperate in the Baltic electricity and gas markets

Lithuania’s minister of Energy Žygimantas Vaičiūnas (pictured above) invited Poland to actively participate in the Baltic electricity and gas markets.

During a meeting with Poland’s minister of Climate Michał Kurtyka (pictured above), Mr Vaičiūnas underlined the progress in the synchronisation of the Baltic States with the synchronous grid of Continental Europe as well as the implementation of the Harmony Link power interconnection between Lithuania and Poland and the Gas Interconnection Poland–Lithuania (GIPL).

“The integration of the Lithuanian and Polish energy systems through the energy infrastructure projects that are currently being implemented is creating opportunities for Polish energy market participants to participate in the Baltic electricity and gas markets as well,” emphasised Minister Vaičiūnas. “I have no doubt that the participation of the Polish exchange operator and specific companies in the Baltic electricity and gas markets would contribute to the achievement of key strategic goals – first and foremost, reducing dependence on electricity imports from the East, as well as greater competition in the gas market and the most efficient use of the GIPL which is currently under construction.”

Furthermore, he underlined how the participation of Polish companies in the Baltic electricity market would contribute to reducing this flow until completion of the synchronisation project in 2025, so it is already important now for Polish companies to look for different ways and forms of participating in the Baltic electricity and gas market.

Mr Vaičiūnas thanked Poland for strengthening bilateral cooperation not only in the field of electricity but in the field of gas as well. The participation of the Polish company PGNiG in operating the liquefied natural gas (LNG) reloading station in Klaipėda is one of the most relevant examples of this cooperation.

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