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Our World in 2018

Leading minds reflect on the state of our societies, and examine the challenges that lie ahead. An edition dedicated to generating ideas that will help form a new vision for our world.

Leading minds reflect on the state of our societies, and examine the challenges that lie ahead. An edition dedicated to generating ideas that will help form a new vision for our world.

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ENERGY & CLIMATE

and respond in a way that protects

the most vulnerable.

Future-proof infrastructure

as a backbone of secure

energy

By better interconnecting our

internal energy markets, we can

achieve much greater security of

supply, based on solidarity and trust

between Member States. This way

when supply of renewable energy is

low in one country, instead of turning

to fossil fuels, it can buy its missing

supply from its neighbours where

supply is high.

That is why we invested and

will continue to invest in concrete

projects on the ground. For example,

the Baltics countries, which were

almost entirely isolated from the rest

of Europe’s energy market, are now

making their ‘historic comeback’. The

gas (LNG) terminal, in the Lithuanian

K

regional hub for gas trade. And the

recent electricity connection between

Lithuania and Poland (through

LitPol Link) and to Sweden (through

NordBalt) ended the isolation of the

region. They were made possible

thanks to the Baltic Energy Market

Integration Plan initiative, or the socalled

BEMIP.

Another emblematic example

is the High Level Group on Central

and South Eastern Europe Gas

Connectivity, better known as

CESEC. The Group was established

AN

of Kavarna, Bulgaria, 15 September 2017. Saint Nikola Wind Farm brings 156

megawatts of electricity.

EPA-EFE/VASSIL DONEV

The Energy Union is no longer a

concept, a vision, or a mere idea. The

Energy Union is a living process which

is changing the lives of millions in

Europe and around the world.

order to facilitate cross border

gas infrastructure projects across

its 15 members, both within the

European Union and in our eastern

neighbourhood.

These efforts will continue until

the very last day of our mandate.

Key CESEC projects are ongoing,

connecting Bulgaria, Romania,

Hungary, and Austria through the

BRUA corridor, the Krk LNG terminal,

the gas interconnector between

Greece and Bulgaria, etc.

Of course, energy security also

E.

of the most ambitious projects in this

regard is the Southern Gas Corridor

which will bring gas all the way from

the Caspian Sea to Europe’s shores by

route and the overall framework will

be tested, which will make it easier to

expand the Southern Gas Corridor

beyond the initial volumes of 10 bcm.

The Energy Union is no longer

a concept, a vision, or a mere idea.

The Energy Union is a living process

which is changing the lives of millions

in Europe and around the world.

Now is the time for you to be part

of that change, to play your role, to

be part of the European and global

energy transition.

OUR WORLD | 2018

93

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