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The Role of Fuel and Energy Sector in the Eurasian Economic Community Integration Process

Author

Listed:
  • Igbal A. Guliyev

    (International Institute of Energy Policy and Diplomacy, Moscow State Institute of International Relations, MGIMO-University, Moscow, Russia)

  • Elnur T. Mekhdiev

    (Center for Post-Soviet Studies, Institute of International Studies, Moscow State Institute of International Relations, MGIMO-University, Moscow, Russia.)

Abstract

The article focuses on creation of the common energy space among the customs union (CU) and the common economic space countries. We analyzes energy markets in Russia, Kazakhstan and Belarus, natural resources potential of these countries and their energy exports, as well as pays particular attention to the current oil and gas supplies regulation within the CU. The main problems emphasized in the article are the common oil and gas market establishment, harmonization of the national energy legislation, effective transit potential use, development and adoption of common rules for the oil and gas industry access, removal of duties and establishment of common tariff policy. In conclusion, recommendations for development of Russia s Eurasian integration strategy are presented.

Suggested Citation

  • Igbal A. Guliyev & Elnur T. Mekhdiev, 2017. "The Role of Fuel and Energy Sector in the Eurasian Economic Community Integration Process," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 72-75.
    • Handle: RePEc:eco:journ2:2017-02-10
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    References listed on IDEAS

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    1. Alexander Libman & Evgeny Vinokurov, 2012. "Regional Integration and Economic Convergence in the Post‐Soviet Space: Experience of the Decade of Growth," Journal of Common Market Studies, Wiley Blackwell, vol. 50(1), pages 112-128, January.
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    Cited by:

    1. Natalya Yuryevna Sopilko & Natalia Anatolyevna Navrotskaia & Olga Yuryevna Myasnikova & Nataliya Vital evna Bondarchuk, 2020. "Potential and Development Prospects Assessment of Electric Power Integration of the Eurasian Economic Union Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 37-44.
    2. Anvar Tulaganov & Gulnara Sagindykova & Murad Isaev & Bibigul Bimbetova & Maira Kaiyrgaliyeva & Bakhitzhamal Aidosova & Aizhan Orynbassarova, 2022. "The Impact Analysis of Electricity Prices on the Energy Intensity of the Kazakhstani Economy and Sustainable Development," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 241-248, March.
    3. Sebastian Krapohl & Alexandra Vasileva-Dienes, 2020. "The region that isn't: China, Russia and the failure of regional integration in Central Asia," Asia Europe Journal, Springer, vol. 18(3), pages 347-366, September.
    4. Ade Saptomo, 2019. "Social Governance and Production Transformation Management System in Mining Industry in Indonesia: Toward A Locally Accomodative Energy Policy," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 115-120.
    5. Natalia A. Sadovnikova & Valery L. Abramov & Andrey A. Ogryzov & Olga A. Makhova, 2020. "Clean Energy in the EAEU in the Context of Sustainable Development: Compliance and Prospects," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 272-280.
    6. Elvir M. Akhmetshin & Sergey I. Kopylov & Svetlana V. Lobova & Natalya B. Panchenko & G. Kostyleva, 2018. "Specifics of the Fuel and Energy Complex Regulation: Seeking New Opportunities for Russian and International Aspects," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 169-177.
    7. Meiramkul Saiymova & Aliya Shakharova & Aliya Rakaeva & Madina Serikova & Aslan Tasmaganbetov & Yuliya Tyurina & Zhibek Bimagambetova, 2020. "Energy Security, Economics and Environment in the Eurasian Economic Union: Current and Future Scenarios," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 293-299.

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    More about this item

    Keywords

    Energy; Eurasian Integration; Common Economic Space;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration

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