Energy, EU – Baltic States, Legislation, Lithuania
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Friday, 29.03.2024, 06:13
Commissioner Andriukaitis welcomes EU's strategy for Energy Union
EC notes that the EU is the largest energy importer in the world, importing 53% of its energy, at an annual cost of around EUR 400 billion.
Currently, 12 member-states, including Lithuania, do not meet the EU's minimum interconnection target – that at least 10% of installed electricity production capacity be able to "cross borders", i.e. to be able to be bought or sold in other member-states. 75% of the EU's housing stock is energy inefficient; 94% of transport relies on oil products, of which 90% is imported.
"Wholesale electricity prices in Europe are 30% higher, and wholesale gas prices over 100% higher than in the US," the EC notes.
Welcoming the approval of the Energy Union's strategy, Commissioner Andriukaitis said that Lithuania and the entire Baltic Sea region have a very important rule in the strategy.
"European Commission highlights that it will help Lithuania to terminate its energy isolation and will offer a detailed action plan how to solve it technically efficiently," Commissioner Andriukaitis said.