President of the Republic of Lithuania

Three Seas Initiative for the successful development of Europe

2019-06-06

Thursday, June 6, Ljubljana  President Dalia Grybauskaitė is attending the Three Seas Initiative Summit.

Speaking at the plenary session, the President stressed that the initiative launched four years ago to link the Adriatic Sea, the Baltic Sea and the Black Sea regions through transport, energy and other interconnections is a unique platform for cooperation that strengthens economic development, reduces development disparities, and increases cooperation and unity across Europe.

The Three Seas Initiative envisages three priority areas: strengthening cross-border energy, transport, and digital connections.

For Lithuania, this initiative is highly important for consolidating energy independence, diversifying energy supplies, ensuring national security and military mobility.

A list of 48 priority projects has been drawn up, including projects of strategic importance for our country and the region. The participating states are working together to secure political and financial support for the implementation of these projects.

First, the synchronization of the Baltic power grids with continental Europe and the Lithuanian-Polish gas pipeline (GIPL), which will not only integrate the Baltic gas market into the European market but will also open new export avenues to Central and Eastern European countries, including Ukraine, via the Klaipėda LNG terminal.

Transport connections – Rail Baltica, the Viking shuttle container train, Via Baltica and Via Carpatia – will increase cargo flows and expand trade, business, military mobility and tourism opportunities.

Another important area for economic growth and security is the development of digital services and cyber security. The Three Seas Initiative aims to combine modern communication and business models with higher resistance to cyber-attacks, and to implement joint projects intended to promote technological progress while, at the same time, safeguarding national security interests.

The summit, which gathered 12 presidents, government members, representatives of the European Investment Bank and the European Bank for Development and Reconstruction, was also attended by President of the European Commission Jean-Claude Juncker, German President Frank-Walter Steinmeier and U.S. Energy Secretary Rick Perry.

According to President Dalia Grybauskaitė, it means that the Three Seas Initiative is gaining a European dimension, creating practical opportunities to further strengthen the transatlantic link.

The summit issued a joint political declaration underlying that all parties agree to streamline their efforts to deliver the objectives common for the three regions.

Three Sea Initiative Business Forum is also held in Ljubljana with special focus placed on new opportunities for cooperation and inter-action.

Press Service of the President

Last updated 2019.06.06 13:37

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