President of the Republic of Lithuania

Energy and innovations offer new opportunities for economic cooperation between Lithuania and Qatar

2012-04-30

Monday, April 30, Doha - Continuing her working visit in Qatar, President Dalia Grybauskaitė met with His Excellency Sheikh Hamad bin Jassim bin Jabr Al Thani, Prime Minister and Minister of Foreign Affairs of the State of Qatar. The meeting focused on the prospects for bilateral cooperation in the fields of economy, energy, innovations and high technologies, including the introduction of the LNG terminal, which is being developed in Lithuania, and the discussion of the possibilities to supply gas to Lithuania.

This is the first time over twenty years that economic relations have been established with the country which is one of the richest in the world. In previous meetings, the leaders of Qatar had expressed their political consent to negotiations on gas supply into Lithuania and the ministers of energy and specialists of both countries had been assigned the task to coordinate all technical details. Upon voicing mutual interest in cooperating in the energy sphere, actual negotiations have commenced between "Klaipėdos nafta" and the largest global LNG supplier "Qatargas".

"Lithuania is famous for innovations and high-tech developments. Modern technologies, solar cells, lasers, biotechnologies, communication and information technologies, and research are the spheres which open vast opportunities for economic relations with Qatar," the President said.

Qatar's Prime Minister assured that the agreements which will open the doors to economic cooperation, trade and investments of the two countries would be drafted without any delay.

Qatar, which plans to allocate 30 billion dollars for investments per year, can become a potential investor in Lithuania. Lithuania offers attractive investment opportunities as a country known for its high-tech business developments and qualified specialists.

Qatar is the second highest per capita income country in the world, with 19 percent economic growth last year.

Press Service of the President

Last updated 2012.04.30 08:44

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