28.04.2022 - Economy, Ukraine

Exiting Russian gas market supported by Latvian Saeima

At the meeting on April 28, the Saeima supported amendments to the Energy Law, which provides for a ban on Russian natural gas supplies in Latvia on January 1, 2023. 

The decision was supported by 57 members, while one – Jūlija Stepaņenko – was against it. Nine members abstained.

There was a debate on the replacement of the Russian natural gas. As reported, Latvia is planning to build an LNG terminal.

During the debate in the Saeima, MP Reinis Znotiņš (Conservatives) said that 75% of electricity is produced in Latvia, while approximately 90% of the natural gas needed by Latvia has been purchased from Russia so far, paying around €400 million annually. 

"Time to wake up from the long winter sleep in the bear's claws, time to wake up and end the energy dependency on Russia. [Time to] refuse Russian gas, not sponsor Russian aggression, the Russian state, and be energy independent," said Znotiņš, noting that it is time to develop its LNG terminal in Latvia.

Viktors Valainis, deputy of the opposition party Greens and Farmers, said that if Latvia goes this route of sanctions by abandoning Russian natural gas, then it is necessary to do as much as possible for such a ban to be enforced throughout the European Union. Otherwise “we will be the biggest losers”.

Source: eng.lsm.lv

Sign up for newsletters

Stay up to date on the monthly newsletters on recent news and activities.

Please enter valid email

Thank you! Your email has been added to mailing list!

Sign up for newsletters

Stay up to date on the monthly newsletters on recent news and activities.

Please enter valid email

Thank you! Your email has been added to mailing list!

Please fill the input fields
Thank you the file has been successfully downloaded
Back