"I will refrain from commenting on Litgrid. Energy is an area of the economy that will live for decades and centuries to come. I have no free funds to invest today, but I trust in energy as an area attractive for investment," he said in an interview to the business daily when asked if he would recommend people to invest in shares of infrastructure companies and if he expected a stable long-term growth in their value.
Virbickas underlined the importance of cooperation with neighboring countries, particularly with Poland, as well as the need for a constructive dialogue with Russia.
"Russia has its own strategic objectives. As long as these objectives do not undermine our right to decide on our energy independence principles, we have to speak with it (Russia). Dialogue is always positive. These discussions could and should be constructive," the CEO said.
"It will take time for Lithuania and the other Baltic countries to integrate themselves into the European continental transmission grid. You cannot dismantle the existing system with an axe. It makes much more sense to be patient and pursue your interests in the region consistently," he said.
