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2019.10.23 11:00

Lithuania and Japan strive for closer cooperation in energy and IT

BNS2019.10.23 11:00

Lithuania and Japan have signed two cooperation memoranda, for energy and IT, during a bilateral business forum in Tokyo, the Lithuanian president's office said on Wednesday.

The Energy Memorandum speaks about promoting energy security and diversification. Lithuania and Japan seek to share best practices on decommissioning and dismantling nuclear power plants, engage in joint projects in LNG supply, trade and renewable energy. Japan may also offer support in implementing the Baltic synchronization project.

Lithuanian President Gitanas Nausėda says the memorandum will open up opportunities to attract investment in energy infrastructure.

“We will take another step towards energy efficiency, innovative energy accumulation and storage, and by sharing experience, we will develop the production and use of green energy to reduce the impact of climate change,” the president said.

The objectives of the ICT Memorandum are to share information by analysing potential IT technology markets, strengthening trade missions, inter-institutional cooperation, and developing economic relations between Lithuania and Japan.