Following the approval of the updated letter of expectations by the Ministry of Energy, the new EPSO-G energy group of companies will have clear and even broader areas of responsibility.
One of the most important projects – the implementation of the Harmony Link electricity interconnection with Poland. Efforts are also being made to strengthen the interconnections between Lithuania and Latvia and to reach a decision on the implementation of the Baltic Hub offshore interconnection with Germany and the conditions for the project’s implementation.
There are expectations to increase international gas flows from the Klaipėda liquefied natural gas terminal towards Central Europe and Ukraine. Measures will also be taken to ensure the development of a pure hydrogen network in the Nordic and Baltic countries and the implementation of hydrogen development.
It is planned that by 2028, electricity generation capacity based on renewable energy sources in Lithuania will reach at least 8 GW, so the EPSO-G group must strive for leadership in integrating renewable energy generation capacity and managing energy flows. The Group will actively seek to ensure optimal transmission infrastructure development, sector integration, and flexibility of the electricity system. Dynamic transmission tariffs will also be assessed and the geological structure of Syderiai will be analysed in order to evaluate long-term energy storage possibilities.
The Ministry of Energy expects EPSO-G to actively contribute to the development of green gas infrastructure by utilizing the existing natural gas infrastructure for the development of biomethane and creating a new green hydrogen ecosystem. The Group is also expected to conduct studies to assess the possibilities of transporting hydrogen, synthetic green gas, and CO₂, submit proposals, and make decisions that will create the highest added value for Lithuania.
The EPSO-G Group consists of the management company EPSO-G and six directly controlled subsidiaries: Amber Grid, Baltpool, Energy Cells, EPSO-G Invest, Litgrid, and Tetas. EPSO-G and the Group companies also hold shares in GET Baltic, Rheinmetall Defence Lietuva, Baltic RCC OÜ, and TSO Holding AS. The rights and obligations of the sole shareholder of EPSO-G are exercised by the Ministry of Energy.
Describe more in press release https://tinyurl.com/ykpsyjsw
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