Indriksone does not believe Latvia should develop LNG terminal project with state support

  • 2022-06-02
  • LETA/TBT Staff

RIGA - New Economy Minister Ilze Indriksone (National Alliance) does not believe that Latvia should build a liquefied natural gas (LNG) terminal with state support, but this could be considered for security reasons, she told Latvian Television today.

Indriksone explained that the construction of such a terminal should be supported if it is based on business principles.

"We are seeing how difficult it is in Europe now to give up Russian energy resources. I think such a terminal can work well and be profitable in the long run, without requiring any additional investments, and without state guarantees if we are in a common gas market and all of us refrain from using Russian gas. Then this is realistic," said the politician.

She explained that as long as the state provides some guarantees to the business operator, there is a risk that if any of the countries in the single market resumes cooperation with Russia, a situation unacceptable for Latvia would arise.

As reported, the government in April agreed in principle to give up Russian natural gas imports and to build a liquefied natural gas (LNG) terminal in Latvia.