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Lithuania: Norway is our energy partner

Staff writer ▼ | July 31, 2013
Lithuania's president Dalia Grybauskaite held a meeting with Norway's Minister of Foreign Affairs Espen Barth Eide. The two countries want to strengthen their economic relations.
Lithuania Norway
Lithuania NorwayLithuania's president Dalia Grybauskaite held a meeting with Norway's Minister of Foreign Affairs Espen Barth Eide. The two countries want to strengthen their economic relations.


Norwegian company Hoegh LNG is constructing a special vessel that will carry gas to the Lithuanian liquefied natural gas terminal. Power interconnection with Sweden, when built, will step up the imports of Norwegian electricity, one of the world's cheapest, to Lithuania. On launching the NordBalt power bridge in 2015, Norwegian electricity is likely to account for about 36 percent of energy imported to Lithuania via this link.

Since Norway is one of the world's biggest liquefied gas suppliers Lithuania is also interested in an opportunity to import Norwegian gas to the liquefied natural gas terminal to be launched in 2014 in Klaipeda.

During the discussion on Norway's relations with the European Union, Lithuania emphasized the special focus of the Lithuanian Presidency on the EU's cooperation with the European Economic Area (EEA) countries, Norway among them.

Norway is Lithuania's fifth largest foreign investor. Direct investments from Norway to our country amount to about 2.46 billion litas.


 

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