prices are going down. well, the biggest problem you ve got is gas. and i would put it to you that your achilles heel in all of this is your reliance on russian gas. let s start by perhaps you acknowledging that over years, your government and previous governments made a massive mistake in continuing the almost complete dependence on russian gas. well, looking back, yes. in 1997, the government at the time took a decision for a 20 year monopoly for gazprom in our country. and it was only in 2017 where we actually could start to rethink our energy policy. sure, but you ve been in powerfor, what, the best part of four years you ve done nothing really to address that. not true we have our biggest infrastructural asset in the energy field is an underground storage facility in latvia, which can hold about two years of our own supply. from 1997, that has been under the control of gazprom. my government now has taken a majority stake control, gazprom is completely out, we have a japanese
regime, it seems you reserve the right in latvia to get around sanctions. no, you re misunderstanding me. first of all, from hungary, we physically cannot get gas supplies because we don t have the routes. we have a unified market from finland finland, estonia, latvia, lithuania, and poland are now all united into it through interconnectors in one market. this market has historically been fully supplied by gas from russia. lithuania has one liquefied natural gas import terminal. estonia and finland are in the process of putting up a second terminal and my country is in the process of also building an lng offshore facility that would pump gas directly into the underground storage facility in latvia. we have put the legislation in place that, as of january 1, no company will be able to import any gas from russia,
you could also get your electricity from belarus, which again means you re probably getting electricity from russia. so, for all of your words about maintaining a strict sanctions regime, it seems you reserve the right in latvia to get around sanctions. no, you re misunderstanding me. first of all, from hungary, we physically cannot get gas supplies because we don t have the routes. we have a unified market from finland finland, estonia, latvia, lithuania, and poland are now all united into it through interconnectors in one market. this market has historically been fully supplied by gas from russia. lithuania has one liquefied natural gas import terminal. estonia and finland are in the process of putting up a second terminal and my country is in the process of also building an lng offshore facility that would pump gas directly into the underground storage facility in latvia.
going up because of our own internal disbalances. they re going up because of the war. and we re already seeing worldwide, the markets have adjusted to the price of oil that s decreasing, so the petrol prices are going down. well, the biggest problem you ve got is gas. and i would put it to you that your achilles heel in all of this is your reliance on russian gas. let s start by perhaps you acknowledging that over years, your government and previous governments made a massive mistake in continuing the almost complete dependence on russian gas. well, looking back, yes. in 1997, the government at the time took a decision for a 20 year monopoly for gazprom in our country. and it was only in 2017 where we actually could start to rethink our energy policy. sure, but you ve been in powerfor, what, the best part of four years you ve done nothing really to address that. not true we have our biggest infrastructural asset in the energy field is an underground storage facility in latvia,
we physically cannot get gas supplies because we don t have the routes. we have a unified market from finland finland, estonia, latvia, lithuania, and poland are now all united into it through interconnectors in one market. this market has historically been fully supplied by gas from russia. lithuania has one liquefied natural gas import terminal. estonia and finland are in the process of putting up a second terminal and my country is in the process of also building an lng offshore facility that would pump gas directly into the underground storage facility in latvia. we have put the legislation in place that, as of january one, no company will be able to import any gas from russia, and we have the ability to oversee that that s implemented, because the underground storage facility is government controlled. so we have full information on where the gas is coming from,