Lithuania Approves National Execution Plan for Electricity, Gas Projects

Lithuania approved the National execution plan to trigger investments in electricity and natural gas projects.

“After the plan was approved by the government, we can immediately start to implement the key electricity and natural gas transmission projects by using the EU structural support funds. This plan also ensures that the EU structural support funds will be invested wisely and that the necessary financial support will be guaranteed for the key energy projects” Minister of Energy Jaroslav Neverovič commented in a note released on Tuesday.

Lithuania, which will be the 19th member of the Eurozone starting January 2015, expects significant support coming from Brussels. 

‘The Ministry of Energy of Lithuania is planning a significant EU structural support for the period 2014–2020. It expected that approximately 240 million litas (about 69 million euros) will be invested into the projects in the electricity sector and about 150 million litas (about 43 million euros) into natural gas transmission projects,’ the Ministry of Energy wrote on its website. 

Some of those gas projects are also listed in the European Union’s Project of Common Interest (PCI), comprising the capacity enhancement of Klaipėda–Kiemėnai pipeline (second filament construction of pipeline Klaipėda-Kuršėnai), the gas connection between Poland and Lithuania, and the capacity increase of gas connection between Lithuania and Latvia.