President of the Republic of Lithuania

Dalia Grybauskaitė meets Norwegian Foreign Minister

2013-07-29

Monday, July 29, Vilnius - President Dalia Grybauskaitė held a meeting with Norway's Minister of Foreign Affairs Espen Barth Eide. The meeting focused on bilateral relations, Nordic-Baltic cooperation, EU's relations with Norway, economic issues, energy security, and Eastern Partnership.

The President has underlined that Norway is an important Nordic partner of Lithuania which is well aware of the challenges faced by our country and contributes to ensuring our energy security.

"Norway helps Lithuania to ensure diversified electricity and gas supplies and competitive energy prices. Norwegian company Hoegh LNG is constructing a special vessel that will carry gas to the Klaipėda liquefied natural gas terminal. Power interconnection with Sweden, when built, will markedly step up the imports of Norwegian electricity - one of the world's cheapest - to Lithuania," the President said.

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.

According to the President, 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 Klaipėda.

During the discussion on Norway's relations with the European Union, the President emphasized the special focus of the Lithuanian Presidency on the EU's cooperation with the European Economic Area (EEA) countries, Norway among them. Norway and other EEA countries are part of the Schengen Area and are actively participating in the EU single market, therefore close economic cooperation is our shared interest, the President noted.

Norway is Lithuania's fifth largest foreign investor - direct investments from Norway to our country amount to about 2.46 billion litas. The President has pointed out that Norwegian entrepreneurs are an example of how to develop transparent, fair and ethical business; therefore it is in Lithuania's interests to strengthen business relationship with Norway. 

Copyright - Dainius Labutis (ELTA)

Press Service of the President

Last updated 2013.07.29 12:13

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