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Perspectives of Common EAEU Oil and Gas Markets

Olga L. Garanina ()
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Olga L. Garanina: St. Petersburg University

Chapter Chapter 5 in The Economic Dimension of Eurasian Integration, 2021, pp 107-123 from Springer

Abstract: Abstract This chapter aims to outline perspectives of Eurasian Economic Union (EAEU) integration in the energy sector, with a focus on the oil and gas industry. The EAEU energy markets integration project faces numerous challenges: differences in terms of resource endowment, unequal economic weight of partners, non-market pricing conditions, and political constraints which complicate harmonization of energy policies across the EAEU members. This chapter subsequently covers the following aspects: (i) current state of integration initiatives in the oil and gas industry; (ii) analysis of economic interests toward energy markets integration; and (iii) political and economic constraints to the integration process.

Keywords: EAEU; Oil; Natural gas; Integration; Common energy market; F15; O13; Q40 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-59886-0_5

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DOI: 10.1007/978-3-030-59886-0_5

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