EEU common gas market agreement may be signed as early as 2022 - EEC
<p> MINSK, Sep 2 - PrimePress. Leaders of member states of the Eurasian Economic Union (EEU - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) may sign an international agreement on the formation of a common gas market in 2022, said a representative of the Eurasian Economic Commission (EEC) Iya Malkina. </p> <p> </p> <p> “As for the common gas market, the work is going on in accordance with the approved plan. An international agreement on its formation may be signed in 2022. The heads of state have instructed to ensure the implementation of the principles of pricing and tariff policy in the common market based on non-discriminatory fair competition. The relevant work is in progress,” said Malkina. </p> <p> </p> <p> In her words, it will be possible to buy this energy resource on the exchange within the framework of the common gas market. “For this purpose, there will be adopted a procedure for gas exchange trading, which is already being developed today together with the governments of the participating states and the national exchanges,” Malkina said. </p> <p> </p> <p> In December 2020, the heads of EEU countries approved an action plan on harmonization of the EEU countries’ legislation in the oil sector, and also decided to move to the second stage of formation of the common gas market - creation of its infrastructure, technological and legal basis. </p> <p> </p> <p> The EEU is an international economic integration association established on the basis of the Customs Union and the Common Economic Space, which has been operating since 1 January 2015. The EEU ensures freedom of movement of goods, as well as services, capital and labour, and pursues coordinated, harmonised or unified policies in the sectors of the economy. End </p>
2021-09-03
Primepress
EEU common gas market agreement may be signed as early as 2022 - EEC
MINSK, Sep 2 - PrimePress. Leaders of member states of the Eurasian Economic Union (EEU - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) may sign an international agreement on the formation of a common gas market in 2022, said a representative of the Eurasian Economic Commission (EEC) Iya Malkina.
“As for the common gas market, the work is going on in accordance with the approved plan. An international agreement on its formation may be signed in 2022. The heads of state have instructed to ensure the implementation of the principles of pricing and tariff policy in the common market based on non-discriminatory fair competition. The relevant work is in progress,” said Malkina.
In her words, it will be possible to buy this energy resource on the exchange within the framework of the common gas market. “For this purpose, there will be adopted a procedure for gas exchange trading, which is already being developed today together with the governments of the participating states and the national exchanges,” Malkina said.
In December 2020, the heads of EEU countries approved an action plan on harmonization of the EEU countries’ legislation in the oil sector, and also decided to move to the second stage of formation of the common gas market - creation of its infrastructure, technological and legal basis.
The EEU is an international economic integration association established on the basis of the Customs Union and the Common Economic Space, which has been operating since 1 January 2015. The EEU ensures freedom of movement of goods, as well as services, capital and labour, and pursues coordinated, harmonised or unified policies in the sectors of the economy. End