Thursday, December 19 2019 14:01
David Stepanyan

Forecast: There will be no single prices on the EAEU common energy  market

Forecast: There will be no single prices on the EAEU common energy  market

ArmInfo.One should not expect unified prices on the EAEU common energy market. There is also no reason to expect that electricity produced in Armenia will be  exported. The Eurasian market has enough of its own generation,  moreover, cheaper one, energy security expert Vahe Davtyan expressed  such an opinion to ArmInfo.

"The first manifestations of such disintegration trends were recorded  back in 2016. The fact that energy integration within the framework  of the EAEU will be formal in nature became clear even when the  Eurasian Economic Commission replaced the wording "single market  "with" common market, "he emphasized. 

According to the expert, today it is already possible to predict the  deliberate inhibition of the integration of the business entities in  the EAEU countries involved in the energy sector. Given the fact that  national interests are set above supranational, the formation of a  common energy market in the EAEU will be problematic for all its  participants.

Such prospects, against the background of uneven development of  energy systems in the EAEU, an excess of capacities and an export  orientation of national energy markets, etc., according to Davtyan,  look quite natural, moreover, they are logical.

Against this background, according to the expert, Yerevan needs to  think about establishing export of electricity through Iran to the  markets of the Middle East. According to his estimates, given the  shortage of electricity available in these markets, it is the Middle  East direction that can and should become an important component of  the Armenian long-term geo-economic strategy.

"And in this issue Yerevan urgently needs the support of partners in  the EAEU, especially Moscow. The Armenian authorities, following the  example of colleagues in the EAEU, need to be pragmatic and refuse  from rash idealistic theses in its official rhetoric. The latter  indicate the absence of foreign policy and foreign economic  calculation, the extreme limited strategic thinking and wretchedness  of expert personnel potential, "Davtyan summed up. 

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