Eurasian "five" countries narrow positions on establishing Union’s common gas market

On August 5, Arzybek Kozhoshev, Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission, and Heads of the Member States’ authorized bodies discussed an International treaty on establishing the EAEU common gas market.

The next round of negotiations was aimed at settling controversial issues. It was held as part of preparing for the Eurasian Intergovernmental Council on August 25-26, which plans to discuss some prospects for establishing the common gas market.

Arzybek Kozhoshev noted the need to work out mutually agreed solutions on issues sensitive to the Member States: on establishing the common gas market and readiness for their constructive discussion.

During the consultation, the sides compared notes on the differences remaining in the international gas treaty, and the heads of authorized bodies managed to reach consensus on a number of such differences.

The sides settled the treaty provisions concerning the subject of its regulation, terms of payment for services on the common gas market rendered on the "one window" principle, control over the gas use, as well as came to a uniform understanding of the market price for gas.

The heads of authorized bodies agreed to further address certain provisions of the international gas treaty on a bilateral basis and continue discussing these issues on August 12 to complete the document and submit it to the Union’s governing bodies for consideration.

For reference

The International treaty on establishing the Union’s common gas market sets up essential conditions for its functioning. The common market is established in three stages. The final third stage - until January 1, 2025 - contemplates enacting the International treaty on establishing the Union’s common gas market. The work on establishing the common market and harmonizing national legislation is conducted with due regard to the fundamental principles stipulated by the Treaty on the EAEU, the Concept and Program for establishing the Union's common gas market.