Tuesday, October 24 2017 17:51

Expert: After membership in the EAEU Armenia from the consumer state can become an exporting state of electricity

Expert: After membership in the EAEU Armenia from the consumer state  can become an exporting state of electricity

ArmInfo. After membership in  the Eurasian Economic Union, Armenia from the consumer state can turn  into an exporting state of electricity, as accession to the EESP  opens up new capabilities.

This was stated by the senior researcher  of the Department of Regional and International Studies of the  Institute of Oriental Studies of the National Academy of Sciences of  the Republic of Armenia, member of the Eurasian expert club Armen  Manvelyan during the round table "The role of the expert and  educational community of Armenia in the development of Eurasian  economic integration".

"Joining such a powerful organization in the energy plan as the EAEU  will provide the country with energy resources at relatively low  prices and will provide an opportunity to export electricity to this  market," he said.

Manvelyan recalled that on January 1, 2015, the agreement on the  Eurasian Economic Union came into force, within which the energy  component of this cooperation was separately stipulated. According to  him, the Unified Energy System is not the first union, in which the  energy factor becomes the locomotive for cooperation, and it is the  energy sector that facilitates the accession of interested states to  this union. "The creation of the common energy market of the EAEU is  becoming a strategic goal of this union, which gives an additional  attraction to this association for other states and not only the  former Soviet republics. The common energy space makes it possible to  coordinate the energy policy of the member states of this  association, and this, in turn, opens new opportunities for the  development of energy production in the field and the creation of  competitive markets to attract additional resources and technologies  energy development, in turn, increases the possibility of creating  and developing an energy security system not only within the  framework of one state, but also with the active involvement of other  EAEU member states interested in creating a common energy security  system, "he stressed. Manvelyan also stressed that the integration of  energy markets will provide an opportunity to increase the export and  import of electricity to the EAEU countries, this perspective is very  important for Armenia, since having the opportunity to produce  electricity not only for own consumption, but also for exports,  including to the country The EAEU, Armenia is deprived of this  opportunity due to weak economic relations, especially in the  electric power industry, with the member states of the Union and  because of the blockade by Azerbaijan and Turkey. The creation of a  common electricity market gives Armenia a unique opportunity to  export surplus electricity to this market and start mutually  beneficial trade with all members of the EAEC. He recalled that for  this purpose, for example, the North-South project is also being  implemented to increase the export of electricity to the EAEU  countries, which will increase the possibility of electricity  exports, and this project is strategically beneficial not only to  Armenia but also to other members of the Union, as it opens a unique  opportunity to export electricity through Armenia to Iran and other  countries of the region. And Armenia, having the opportunity to  export electricity, will be able to partly compensate for the energy  deficit that exists in some countries of the EAEU. It is also planned  that in 2018 the construction of the power transmission line  "Armenia-Georgia" will be completed, at the first stage it will  ensure the exchange of electric power up to 350 MW, increasing it to  2021 to 700 MW. And the construction of the 3rd power line towards  Iran is planned to be completed by 2018: "Thus, as a result of the  exploitation of these capacities, the North-South energy corridor can  be fully earned, which will allow Armenia to increase the scale of  cooperation with other members of the EAEU and be a full-fledged  player This mutually beneficial cooperation strengthens the  foundation of the EAEU in the field of energy, and a successful start  of the electricity market will be a good basis for deepening  cooperation in the field of energy. energy and the basis for further  development of the energy market in the field of gas, oil and oil  products, "Manvelyan said.

Thus, the expert stated, joining the EAEU  gives a new breath to the energy industry of Armenia - the country  from the energy consuming state turns into an energy producer and an  exporter. And such a perspective changes the role of Armenia's energy  sector, as a result, it can become a locomotive for economic  development in the republic as a whole. It should be noted that the  roundtable was organized by the Eurasian Economic Commission, the  Eurasian Expert Club, the Research and Analytical NGO "Integration  and Development" and the Noravank Foundation.

POST A COMMENT
Input digits     


News
WB approves new EUR 92.3 million loan to promote Green, Resilient and  Inclusive Development in ArmeniaWB approves new EUR 92.3 million loan to promote Green, Resilient and  Inclusive Development in Armenia
Inflow of private transfers from Russia to Armenia continues to  increase significantlyInflow of private transfers from Russia to Armenia continues to  increase significantly
AmCham introducing new standards into Armenia`s business culture -  Vahan KerobyanAmCham introducing new standards into Armenia`s business culture -  Vahan Kerobyan
Armenia, Brazil to strengthen trade and economic tiesArmenia, Brazil to strengthen trade and economic ties
Armenia to get EUR 92.3mln WB loan for budget deficit coverage Armenia to get EUR 92.3mln WB loan for budget deficit coverage 
Amazon Web Service to assist Armenia in old film digitizationAmazon Web Service to assist Armenia in old film digitization
Ameriabank honored as the Best Investment Bank in Armenia for 2023 by Global Finance Ameriabank honored as the Best Investment Bank in Armenia for 2023 by Global Finance 
Expert: Expenditures of Dry Port project exceed $100 millionExpert: Expenditures of Dry Port project exceed $100 million
Armenia Securities Exchange launches AMXTrader new trading system for  financial market participantsArmenia Securities Exchange launches AMXTrader new trading system for  financial market participants
Armenia`s economic indicators impressive in 2022 - IFC Armenia`s economic indicators impressive in 2022 - IFC 
Armenia welcomes Belarusian construction companies Armenia welcomes Belarusian construction companies 
FlyOne Armenia launches Yerevan - Larnaca - Yerevan direct flights FlyOne Armenia launches Yerevan - Larnaca - Yerevan direct flights 
Vahan Kerobyan: AMD 40 billion were returned to borrowers under 2022  state subsidy program for mortgage loansVahan Kerobyan: AMD 40 billion were returned to borrowers under 2022  state subsidy program for mortgage loans
Armenian winemakers participating in ProWein international trade fair  in DusseldorfArmenian winemakers participating in ProWein international trade fair  in Dusseldorf
Armenia`s vice-premier receives IMF repsArmenia`s vice-premier receives IMF reps
Armenia`s premier hosts IMF delegationArmenia`s premier hosts IMF delegation
Armenia`s Ministry of Economy draft law to introduce English law  jurisdiction - minister Armenia`s Ministry of Economy draft law to introduce English law  jurisdiction - minister 
U.S., Canadian and European companies interested in projects in  Armenia`s Syunik - Paruyr HovhannisyanU.S., Canadian and European companies interested in projects in  Armenia`s Syunik - Paruyr Hovhannisyan
Enterprise Armenia supporting 40 projects worth $2.4-3.2bln - premier Enterprise Armenia supporting 40 projects worth $2.4-3.2bln - premier 
In 2022 vs. 2021, number of RA citizens on migration registration in  RF decreased by 15% - ACSESIn 2022 vs. 2021, number of RA citizens on migration registration in  RF decreased by 15% - ACSES
Deputy PM, AmCham representatives discuss Russian-Ukrainian conflict  impact on Armenian economyDeputy PM, AmCham representatives discuss Russian-Ukrainian conflict  impact on Armenian economy
Armenia, Georgia discuss possibilities of expanding cooperation in  tourism sectorArmenia, Georgia discuss possibilities of expanding cooperation in  tourism sector
Rostelecom changes its mind about selling its Armenian subsidiary GNC  AlfaRostelecom changes its mind about selling its Armenian subsidiary GNC  Alfa
Yerevan hosts 19th International Specialized Caucasus Exhibition:  Building and Reconstruction EXPO 2023 Yerevan hosts 19th International Specialized Caucasus Exhibition:  Building and Reconstruction EXPO 2023 
Armenia`s Deputy Minister of Economy hosts UNCCD delegation  Armenia`s Deputy Minister of Economy hosts UNCCD delegation  
Threshold for duty-free importation of goods into EAEU for  individuals at level of EUR 1000 may return to previous level Threshold for duty-free importation of goods into EAEU for  individuals at level of EUR 1000 may return to previous level 
Saudi Flynas airline to launch flight to Yerevan in summerSaudi Flynas airline to launch flight to Yerevan in summer
Vahan Kerobyan: Turkey actively buys gold from Armenia, while  selectively buying other productsVahan Kerobyan: Turkey actively buys gold from Armenia, while  selectively buying other products
CBA Head: Surveys show that international visitors have begun making  long-term plans for Armenia and its economyCBA Head: Surveys show that international visitors have begun making  long-term plans for Armenia and its economy
Central Bank Head: FAO index has stabilized and there are no new  upward trendsCentral Bank Head: FAO index has stabilized and there are no new  upward trends
Martin Galstyan: Armenia Securities Exchange is currently in process  of forming new board and strategyMartin Galstyan: Armenia Securities Exchange is currently in process  of forming new board and strategy
CBA improves its 2023 GDP growth forecast for Armenia to 5.8%,  indicating construction and services as main driversCBA improves its 2023 GDP growth forecast for Armenia to 5.8%,  indicating construction and services as main drivers
Western sanctions against Russia pose a threat to Armenia - PMWestern sanctions against Russia pose a threat to Armenia - PM
New Armenia-ADB cooperation strategy under developmentNew Armenia-ADB cooperation strategy under development
AraratBank joins the United Nations Women`s Empowerment Principles InitiativeAraratBank joins the United Nations Women`s Empowerment Principles Initiative
Armenia`s CB leaves refinancing rate unchanged, 10.75%Armenia`s CB leaves refinancing rate unchanged, 10.75%
With organizational support of Ameriabank and SPRING PR, first  With organizational support of Ameriabank and SPRING PR, first  "Doing Digital-Exploring Digital Future" forum to be held in Yerevan  on April 5
Armenia, Egypt discuss possible cooperation in renewable energy,  energy infrastructuresArmenia, Egypt discuss possible cooperation in renewable energy,  energy infrastructures
 State Control Service returned about 121 million drams to budget in  2022 State Control Service returned about 121 million drams to budget in  2022
Vahan Kerobyan: No outflow of immigrants is expected in near futureVahan Kerobyan: No outflow of immigrants is expected in near future
Vahan Kerobyan: During the year, 7,328 companies and individual  entrepreneurs were registered in Armenia by Russian citizensVahan Kerobyan: During the year, 7,328 companies and individual  entrepreneurs were registered in Armenia by Russian citizens
This year, demand is gradually stabilizing, and growth of Armenian  economy to be 4.2% - EDBThis year, demand is gradually stabilizing, and growth of Armenian  economy to be 4.2% - EDB
Global economic recession risks remain significant - EDBGlobal economic recession risks remain significant - EDB
"MTS Armenia" changes its owner
Armenia`s former premier records absolute decline in population`s  living standards for 2018-2022Armenia`s former premier records absolute decline in population`s  living standards for 2018-2022
Armenia on way to modernization of major branches of its economy -  vice-premierArmenia on way to modernization of major branches of its economy -  vice-premier
Karen Karamyan: 70% of Ameriabank`s business loans are provided  through Ameria Business online platformKaren Karamyan: 70% of Ameriabank`s business loans are provided  through Ameria Business online platform
Ameriabank`s cosmic pavilion at DigiTec: Digital services,  consultations, lotteries, charity, discussionsAmeriabank`s cosmic pavilion at DigiTec: Digital services,  consultations, lotteries, charity, discussions
Armenia plans to start negotiations with India to raise funds for  construction project of Persian Gulf-Black Sea corridorArmenia plans to start negotiations with India to raise funds for  construction project of Persian Gulf-Black Sea corridor
Hayk Yesayan: Team always has and will have innovative solutionsHayk Yesayan: Team always has and will have innovative solutions
IDBank - participant of DigiTec ExpoIDBank - participant of DigiTec Expo
Armenia`s GDP growth in 2018-2022 qualitatively significantly lower  than in previous 3 five-year plans - Hrant BagratyanArmenia`s GDP growth in 2018-2022 qualitatively significantly lower  than in previous 3 five-year plans - Hrant Bagratyan
Team Telecom Armenia is first among Armenia`s telecom operators to  provide access to 5G networkTeam Telecom Armenia is first among Armenia`s telecom operators to  provide access to 5G network
Vahan Kerobyan: Armenian companies do not fully exploit opportunities  in innovative termsVahan Kerobyan: Armenian companies do not fully exploit opportunities  in innovative terms
U.S. warning against countries` help to Russia: Armenia`s government  takes everything into account - MPU.S. warning against countries` help to Russia: Armenia`s government  takes everything into account - MP
3.5% decline in living standard of average statistical employee in  Armenia 3.5% decline in living standard of average statistical employee in  Armenia 
Turkey suddenly stops  transit of sanctioned goods to RussiaTurkey suddenly stops  transit of sanctioned goods to Russia
American SADA to contribute to digitalization of Armenian education  systemAmerican SADA to contribute to digitalization of Armenian education  system
Armenia`s rank fell by 19 points in WIPO Global Innovation Index.  Economist advises to update data on timeArmenia`s rank fell by 19 points in WIPO Global Innovation Index.  Economist advises to update data on time
Armenia`s travel agencies lost 25% of income in 2022 due to dram  revaluationArmenia`s travel agencies lost 25% of income in 2022 due to dram  revaluation
Read more


Exchange rates
24.03.2023
RUB5.07-0.03
USD388.07-0.26
EUR416.17-6.14
GBP473.33-4.04
CAD281.58-2.35
JPY29.880.30
CNY56.760.24
CHF421.31-2.31