On 29 February in Vilnius, Lithuanian Minister of Foreign Affairs Audronius Ažubalis will participate in a regional conference on shale gas and oil potential and on prospects for changing the region’s energy market “Shale gas and oil as potential game changers in the energy market in the Baltic States and Poland.”
The conference is co-organised by the Lithuanian Ministry of Foreign Affairs, Ministry of Energy and the U.S. Embassy in Lithuania.
The event will discuss shale gas and oil potential in the Baltic States and Poland and prospects for strengthening energy security in these countries.
The U.S. shale gas production, experience of utilization and diversification of energy resources, exploration, production, legal regulation and environmental issues will also be discussed.
Experts from the U.S., the United Kingdom, Poland, Latvia, Estonia and Lithuania will share experience of work in the shale gas and oil industry, and on the issues of diversification of energy resources. The event will be attended by Lithuanian Minister of Energy Arvydas Sekmokas, Chancellor of the Prime Minister Deividas Matulionis, the U.S. Ambassador to Lithuania Anne Derse.
The Central and Eastern European countries that purchase natural gas at a non-competitive price are taking increasing interest in shale gas possibilities. Countries like Lithuania are counting on shale gas possibilities, which will enable the diversification of their energy resources, thus reducing the dependence on the only dominant supplier of natural gas.