On 30th
May 2019 National Commission for Energy Control and Prices approved the
Lithuanian natural gas transmission system operator's (TSO) AB “Amber Grid”
investment into the Project of Common Interest (PCI) No. 8.2.1 Enhancement of
the Latvia-Lithuania Interconnection.
The project
will remove the potential bottleneck in the Latvia-Lithuania Interconnection
and help to increase market integration, security of supply and diversify
natural gas supply.
The
Lithuanian part of the project will cost 4,7 million euros. The total cost of
the project including Latvian part will stand at 10,2 million euros.
On 30th May
2019 the Lithuanian and Latvian national regulatory authorities signed the cross-border
cost allocation (CBCA) agreement and agreed that no compensation among
beneficiary countries (Lithuania, Latvia, Estonia and Finland) is required.
Based on this conclusion the efficiently incurred investment costs in Lithuania
shall be allocated to Lithuania and costs in Latvia shall be allocated to
Latvia.
The project
promoters will have the opportunity to receive financial support from European
Union to cover part of the project's costs.
