On 26 August 2018, the Foreign Minister Edgars Rinkēvičs participated in the conference on energy security issues organized by the Munich Security Conference and the ONS (Offshore Northern Seas Foundation) in Stavanger. The minister also attended a high-level round table discussion on global energy policy trends and their impact on the geopolitical situation, national energy companies and technology manufacturers.
During the conference, the Minister expressed concern about the Nord Stream 2 project, which threatens to increase dependence on one dominant supplier and delivery route, which is contrary to the principles of the Energy Union. Edgars Rinkēvičs emphasized that the only way to address these issues at the EU level was to support the diversification of energy supply sources and develop the EU’s internal energy market. Moreover, energy is not only a matter for European security but also a question of transatlantic relations. Nord Stream 2 can become one of the collision points in the transatlantic relationship.
Edgars Rinkēvičs expressed satisfaction that Latvia and the other Baltic States had done much to integrate into the EU energy market, which means that the Baltic States can no longer be regarded as “energy islands”. The Minister noted that Latvia had made significant efforts to reduce the dependence on one supplier. During the Latvian Presidency of the EU, work was started on the creation of the Energy Union and much ground has been covered over these years to improve the EU’s internal energy market and promote energy security, the Minister said. However, there are still issues on which the EU must continue to work hard. It is essential that the security aspect assumes an increasingly important role in the energy sector.
Once every two years, the Munich Security Conference and the ONS organize a conference on energy security challenges and energy markets, assessing both geopolitical and industry perspectives. It brings together high-level professionals, politicians and representatives of international organizations.