The European Union (EU) should increase the efficiency of coal use so as to prevent a decline in Europe’s energy sector. Lithuania, in its turn, should start using shale gas, the Lietuvos Rytas daily quotes him as saying.
“Shale gas may trigger a real revolution in the energy sector. It is a huge opportunity for Lithuania to enhance its energy independence from the East and to drive down the prices on the local market. Extraction of this gas may trigger positive economic and political developments,” Olechnowicz, chairman of the board of Poland’s Grupa Lotos, said.
A nuclear power plant planned to be built in Visaginas should also change the energy map, he said.
Olechnowicz believes that Lithuania should focus on energy during its EU presidency term.