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The foreign ministers of the Baltic, Nordic and Visegrad countries wish to increase European energy security

10.03.2014

The foreign ministers of the Baltic, Nordic and the Visegrad group countries stated during their meeting in Narva on Friday that issues of energy are very important from the viewpoint of Europe's security. “Therefore we must set clear targets to increase Europe’s energy independence and to diversify energy sources,” the foreign ministers expressed.

Foreign minister Urmas Paet said that the newly opened Estlink 2 submarine cable has tripled the transmission capacity between Finland and Estonia. “Electricity producers and consumers can buy and sell electricity on a significantly larger Northern and Baltic market, which means increased competition and consumers are thereby guaranteed the best electricity price, as well as energy security,” he added.

According to Paet, the creation of an Eastern-Baltic common gas market is very important in order to reduce dependence on a single source. "For us, regional projects, improving connections between the Baltic countries, enlarging the gas storage facility in Latvia and the regional LNG terminal are very important," Paet said.
Foreign minister Paet also noted that Estonia is waiting for the results of shale gas exploration in Poland and supports innovative approaches for the use of domestic resources.

Ministers of the Nordic, Baltic countries and Visegrad countries met for the first time as such a group last year in Gdansk, Poland.

Participating at the meeting in Narva on March 6, 7  at the invitation of foreign minister Paet were Finnish Foreign Minister Erkki Tuomioja, Swedish Foreign Minister Carl Bildt, Danish Foreign Minister Martin Lidegaard, Norwegian State Secretary Hans Brattskar, Iceland's Foreign Minister Gunnar Bragi Sveinsson, Latvian Foreign Minister Edgars Rinkēvičs, Lithuanian Deputy Foreign Minister Andrius Krivas, Polish Foreign Minister Radoslaw Sikorski, Czech Deputy Foreign Minister Petr Drulák, Slovak Foreign Minister Miroslav Lajčák and Hungarian Foreign Minister János Martonyi.


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