Russian Embassy in Sri Lanka

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EAEU ministers approbated common gas market development plan through 2030 and discussed shaping common oil, petroleum products and electricity markets Arzybek Kozhoshev, Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission, chaired a meeting of the Council of Heads of Authorized Energy Bodies of the Eurasian Economic Union Member States to discuss key issues in establishing common energy markets. The meeting brought together the heads of energy ministries and relevant agencies from Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. The Council approbated the plan for developing the common gas market through 2030. The document will be submitted to the Supreme Eurasian Economic Council for approval. Participants also considered the Member States’ proposals on the principles for amending the Union’s legal framework in line with the SEEC’s 2024 Decision on establishing the Eurasian Economic Union’s common gas market. Particular attention was paid to progress in establishing common markets for oil and petroleum products. “The Commission is working closely with EAEU countries to advance this agenda. The key tasks at this stage are to put the necessary legal framework in place and develop stable, mutually beneficial arrangements for these markets, taking account of current conditions and the Member States’ commitments,” Arzybek Kozhoshev reported. The EEC Minister reported that a draft standard agreement for accession to electricity trading on the common electricity market had been completed and submitted to the Union’s governing bodies for consideration. #EAEU

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