EAEU Ministers of Energy discussed main issues of creating common energy markets

The Council of Heads of Authorized Energy Bodies of the Union Member States chaired by Arzybek Kozhoshev, EEC Minister in charge of Energy and Infrastructure, considered relevant matters related to creating the EAEU common energy markets, as well as the main principles and directions of ensuring energy security of the Eurasian Economic Union. The high-level meeting was held on March 29 at the EEC's venue.

The parties discussed certain aspects and progress in preparing international treaties: on establishing the Union's common markets for gas, oil and petroleum products. "We intend to continue substantive discussion of unagreed issues at the level of the Union's governing bodies in the near future," the EEC Minister informed.

The Ministers of Energy also confirmed their focus on achieving mutually agreed solutions to sensitive issues in the functioning of the common energy markets.

During the meeting, the parties also recognized the sufficiency of measures taken to ensure energy security of the Member States and the EAEU as a whole, and expressed their intention to continue developing cooperation to enhance energy security.

"The EAEU Member States demonstrate their unity on a number of positions. Creating common energy markets and ensuring energy security is a common and important task for the EAEU countries," Arzybek Kozhoshev noted.