Factbox: What is the ‘Three Seas Initiative?’

President Donald Trump, Polish Foreign Minister Witold Waszczykowski and Prime Minister Andrzej Duda at a Three Seas meeting in Warsaw. PAP/Jacek Turczyk.

President Donald Trump attended a summit of the Three Seas Initiative in Poland on Thursday 6th July, that his hosts hoped will boost economic ties between the United States and the ex-communist countries of central and eastern Europe.

Here are some facts about the Three Seas Initiative.

– The Three Seas Initiative is a joint Polish-Croatian project, launched in 2016, with the aim of strengthening trade, infrastructure, energy and political co-operation among countries bordering the Adriatic, the Baltic and the Black Sea.

– The following 12 countries are part of the initiative:

Poland, Hungary, Czech Republic, Slovakia, Romania, Bulgaria, Lithuania, Estonia, Latvia, Croatia, Slovenia and Austria.

– Most of the 12 countries were in the Soviet sphere of influence after World War Two until 1989 and more than half of those joined the European Union in 2004. Nearly all are heavily reliant on Russian gas and oil imports.

– Trump plans to promote U.S. natural gas exports as part of his new “energy dominance” policy while attending the summit.

– Ten of the 12 countries have confirmed attendance at the summit. The presidents of the Czech Republic and Austria will be absent.

– Poland, the EU’s largest eastern economy, has constructed a LNG terminal on its Baltic coast and is eyeing potential exports of the imported gas to other countries in the region.

– The summit’s co-organiser Croatia plans to complete its own LNG terminal in 2019.

– Ten of the 12 countries have confirmed attendance at the summit. The presidents of the Czech Republic and Austria will be absent.

– Poland, the EU’s largest eastern economy, has constructed a LNG terminal on its Baltic coast and is eyeing potential exports of the imported gas to other countries in the region.

– The summit’s co-organiser Croatia plans to complete its own LNG terminal in 2019.

Original article: Reuters.

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