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30 September 2021, 14:46

Common market believed able to ensure energy security in Eurasian Economic Union

MOSCOW, 30 September (BelTA) – The creation of common markets of energy resources in the Eurasian Economic Union guarantees energy security of all the Eurasian Economic Union member states, BelTA learned from the Eurasian Economic Commission's Minister for Energy and Infrastructure Temirbek Asanbekov at a press conference on 30 September, BelTA has learned.

The official noted that the creation of common markets of energy resources is becoming increasingly important considering rising international prices. “The concept of development of the carbon-free energy industry has resulted in a stalemate on global markets, in panic and skyrocketing prices,” he said. “This is why we can boldly say now that the Eurasian Economic Union has embraced the right concept for forming common markets. It guarantees energy security. We are unifying these matters now to enable equal access to energy resources and equal conditions.”

Temirbek Asanbekov confirmed that the Eurasian Economic Union's common natural gas market agreement is supposed to be signed in 2022. The Eurasian Economic Union member states have yet to agree on some matters, including tariffs on gas transportation. “Fundamental matters will be forwarded for consideration of the heads of state. Once the heads of state make the decision, we will be able to finally say when this international agreement will be signed,” the official said.

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