High-level discussion on the geopolitics of European energy security

Name: High-level discussion on the geopolitics of European energy security — BACC NEW YORK
Start: 2022-09-21T10:00:00-0400
End: 2022-09-21T11:30:00-0400
Location: Consulate General of Lithuania in New York

Wednesday, September 21, 2022
10:00 AM 11:30 AM 10:00 11:30

Consulate General of Lithuania in New York 420 5th Avenue New York, NY, 10018 United States (map)

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Exclusively to BACC Members

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The event will include keynote remarks from H.E. Gitanas Nausėda, president of the Republic of Lithuania. H.E. Nausėda will share the latest updates on the energy security situation in Europe, and outline Lithuania’s plans for ending its energy dependence on Russia while continuing the nation’s robust support for Ukraine. He will also share valuable lessons based on Lithuania’s experiences that can help Europe transition away from Russian energy sources. Ambassador Richard Morningstar, founding chairman of the Global Energy Center, will lead a fireside chat with the president following his remarks.

This conversation will be followed by a discussion featuring high-ranking Lithuanian and US government officials, as well as industry leaders, including Daiva Garbaliauskaitė, Lithuanian vice-minister of energy and Algimantas Latakas, chief executive officer of Klaipėda Sea Port, who will discuss opportunities to enhance energy security by boosting renewable energy and offshore wind production in the Baltic region. The conversation will be moderated by Olga Khakova, deputy director for European energy security at the Global Energy Center.

This timely event will launch the Atlantic Council’s new report Bolstering Energy Security in Northeastern Europe through Transatlantic Cooperation. The report is the culmination of eighteen months of research on opportunities to enhance transatlantic energy security cooperation and climate action. The findings and recommendations described in the report will be discussed by policymakers and private sector leaders at the event.

Russia’s invasion of Ukraine is causing a monumental shift across European energy systems, as gas and electricity shut-offs are weaponized for the Kremlin’s geopolitical ends. Northeastern Europe has been on the leading edge in mitigating the risks of overreliance on Russian energy, serving as a model for sourcing alternative energy supplies and the construction of new infrastructure, offering timely lessons in neutralizing Russia’s energy leverage. The United States has a clear interest in supporting these efforts: An energy-secure Europe is a top geostrategic priority for the transatlantic alliance.