BEMIP – a successful step towards completion of common EU internal energy market

03 September 2013, Last updated at, 17:28 EEST
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author: Reuters

Vice minister of energy Aleksandras Spruogis delivered a speech at the seminar “Elimination of ”energy islands“ in the EU: BEMIP case“ organized by Lithuanian Embassy to Finland. This seminar was dedicated to discuss the importance of regional initiatives and development of energy infrastructure in order to finalize common EU internal energy market.  

„As it is successful example of regional cooperation, BEMIP shall continue, significantly adding up to the implementation of EU internal energy market. Now it has become a chrestomathic example of energy integration within the EU” – said A. Spruogis. 

According to the vice minister, regional or EU-wide initiatives for energy infrastructure development are constrained by a single goal – to have a common and fully operating EU Energy Market. The completion of internal energy market is also one of Lithuanian Presidency’s top priorities. The aim of Internal Energy Market is to ensure continuous energy supply for both industrial consumers and households at economically affordable price.

In 2009 the eight Baltic Sea Member States together with the President of European Commission Mr Barroso signed the Baltic Energy Market Interconnection Plan memorandum. BEMIP is aimed at duly operating, integrated energy market with secured requisite energy infrastructure in the EU Baltic Sea Region. 
The seminar was held at the headquarters of the Nordic Investment bank.
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