Common gas market to begin in Baltic Region
Baku, Azerbaijan, Oct.8
By Leman Zeynalova – Trend:
A common gas market will begin on 1 st January 2020 with Finland, Estonia and Latvia, Trend reports citing Eurogas.
Commenting on the matter, Prime Minister of Latvia, Arturs Krišjānis Kariņš, stated at Eurogas Central and Eastern European Conference that Europe is moving to CO2 neutral economy and that is inevitable.
“The gas industry has an important role in this transition as part of the drive towards lowering CO2 emissions. Open markets and ever-increasing competition are one of the main preconditions for further development of our economies and the gas industry as well. In this context we have good news for the industry, consumers and economy – Latvia, together with Estonia and Finland, have agreed to open the regional gas market from 2020,” said the minister.
Eurogas President, Philippe Sauquet, added that At the European level there is wide recognition of the need to have gas in the future energy mix for the long term, but there is not enough awareness that natural gas can be more and more mixed with biogas and hydrogen to progressively lower even further gas carbon intensity while keeping an affordable cost for consumers.
Eurogas is an association representing the European gas wholesale, retail and distribution sectors towards the EU institutions. Founded in 1990, Eurogas currently comprises 46 companies and associations from 21 countries.
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