"Energy is the European Union's weakness, notably in the gas sector. Many member states are dependent on the single supplier which has a negative impact on EU business as it becomes less competitive through paying higher prices for energy resources, on people who pay dearly for gas, and on the entire Union - it has a weaker position in negotiations. Therefore the search of alternative energy supplies, enhanced energy efficiency and energy independence is our common strategic objective," the President said.
According to the President, it is important to continue developing energy infrastructure within the EU and seek connection of isolated member states to European networks. Financial instruments for implementation of energy projects are envisaged that need to be effectively used.
President Grybauskaitė underlined that high energy prices impeded economic growth of the entire Union. Reduced prices would lead to increasing competitiveness of EU business and strengthening its position in international markets. This will serve to boost economic growth and job creation in the EU.
She noted that it was crucial to continue strengthening Europe's external energy policy. High dependency of the member states on the single supplier make them vulnerable. Nearly half of the EU member states are importing over 50 percent of natural gas from Russia. Six member states, including the Baltics, are totally dependent on the Russian gas.
Lithuania has recently taken concrete steps allowing it to reduce its energy dependency. The liquefied natural gas storage vessel Independence will reach Klaipėda at the end of this year enabling our country to buy natural gas cheaper. The gas pipeline connecting Lithuania and Poland the construction of which will begin next year will reduce our country's energy isolation from Europe.
European leaders also exchanged views on climate change. The President underscored the importance of finding balance between commitments to preserve nature and aspirations for the global competitiveness of EU industry.
