EEU Common Gas Market Treaty may be signed in 2022 - EEC minister
<p> MINSK, Feb 4 - PrimePress. The signing of the agreement on the common gas market of the Eurasian Economic Union (EEC) is due in 2022. </p> <p> </p> <p> Emil Kaikiyev, Member of the Board (Minister) on Energy and Infrastructure of the Eurasian Economic Commission (EEC) made a statement to this effect at the online press conference in Nur-Sultan (Kazakhstan) on February 4. </p> <p> </p> <p> "An international treaty on establishing a common gas market is currently being prepared. The treaty will also establish principles for the formation of the gas transportation tariff. The signing of this treaty is due in 2022,” BelTA reports citing Kaikiyev as saying. </p> <p> </p> <p> As previously reported, in May 2020, the Supreme Eurasian Economic Council approved the Eurasian economic integration strategy for the period to 2025. Armenia and Belarus rejected the gas tariff calculation formula. Russian President Vladimir Putin said in this regard that a common gas tariff formula requires greater integration. </p> <p> </p> <p> The Eurasian Economic Union has been functioning since January 1, 2015. It unites Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. Belarus presides EEU bodies in 2020. End </p> <p> </p> <p> Russian President Vladimir Putin said at the meeting on integration processes in the EEU on January 20, 2021 that EEU members had started building the common markets of gas, oil and oil products. </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. It was previously planned that the common oil and gas markets in the EEU will start operating on January 1, 2025. End </p> <p> </p>
2021-02-05
Primepress
EEU Common Gas Market Treaty may be signed in 2022 - EEC minister
MINSK, Feb 4 - PrimePress. The signing of the agreement on the common gas market of the Eurasian Economic Union (EEC) is due in 2022.
Emil Kaikiyev, Member of the Board (Minister) on Energy and Infrastructure of the Eurasian Economic Commission (EEC) made a statement to this effect at the online press conference in Nur-Sultan (Kazakhstan) on February 4.
"An international treaty on establishing a common gas market is currently being prepared. The treaty will also establish principles for the formation of the gas transportation tariff. The signing of this treaty is due in 2022,” BelTA reports citing Kaikiyev as saying.
As previously reported, in May 2020, the Supreme Eurasian Economic Council approved the Eurasian economic integration strategy for the period to 2025. Armenia and Belarus rejected the gas tariff calculation formula. Russian President Vladimir Putin said in this regard that a common gas tariff formula requires greater integration.
The Eurasian Economic Union has been functioning since January 1, 2015. It unites Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. Belarus presides EEU bodies in 2020. End
Russian President Vladimir Putin said at the meeting on integration processes in the EEU on January 20, 2021 that EEU members had started building the common markets of gas, oil and oil products.
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. It was previously planned that the common oil and gas markets in the EEU will start operating on January 1, 2025. End