President of the Republic of Lithuania President of the Republic of Lithuania

The President: the Three Seas Initiative should boost regional security


President Gitanas Nausėda attended the virtual Three Seas summit organized to discuss cooperation prospects among the countries of the Baltic, Black and the Adriatic Seas and the development of infrastructure projects through technological innovation, sustainable solutions and digitalization achievements.

According to the President, the Three Seas Initiative is an important platform for regional cooperation that brings together twelve EU member states and contributes to deepening relations among the countries of the region and the United States, enhances integration to the single EU market as well as regional and national security.

The President highlighted that the transatlantic link ensured regional security and also significantly contributed to addressing energy security issues in Europe. The US investment potential paired with energy diversification solutions were highly important for stepping up the soft power of the region.

“Countries of our region share similar geopolitical economic challenges and the aspiration to ensure connectivity of their energy and transport infrastructure. Efficient development of infrastructure and its integration into the single market are our strategic goals, by implementing them, we will ensure the economic development and growth of the region, and enhance our resilience to external threats”, the President said.

In President’s view, energy and transport are vital sectors for Lithuania’s economic growth as well as national security. It is therefore necessary to improve the quality and speed up the implementation of those strategic projects.

The President highlighted that the progress in implementation of the Rail Baltica and Via Baltica projects as well as accelerated synchronization of the Baltic power grid with continental Europe and gas inter-connections with Poland were among Lithuania’s strategic objectives. According to the President, innovation, digitalization and sustainable development were competitiveness and economic breakthrough drivers of the Three Seas region.

The President emphasized that Lithuania has successfully diversified its gas supply sources by building an LNG terminal in Klaipėda that provided liquefied gas to some countries of the Three Seas Initiative. According to the President, implementation of the related gas infrastructure projects would enable Lithuania to supply gas to an even wider market which would contribute to increased competitiveness of the region.

During the summit the President informed of Lithuania‘s decision to join the Three Seas Fund and allocate 20 million euros for the implementation of priority projects under the initiative.

The Three Seas Initiative already in the fifth year of its existence brings together twelve EU member states from the region of the Baltic, Black and the Adriatic Seas. This year, the Thee Seas Initiative is chaired by Estonia. The virtual summit was also attended by the partners – high level officials from the USA as well as representatives of the European Commission.

The President‘s Communication Group

Last updated 2020.10.19 17:27