Abstract

This article analyzes the progress made by the Eurasian Economic Union (EAEU) in designing and implementing its common gas market and examines the different attitudes of Russia and Kazakhstan to the reform of their domestic gas markets, and the effect of such reforms on the energy security and energy transition in this region, especially in the context of the global energy crisis of 2022 caused by the war in Ukraine. The author also draws attention to the tensions between the shelving of reforms to the domestic gas market in Russia and the acceleration of the liberalisation of Kazakhstan’s domestic gas market. These tensions may prejudice the formation of the EAEU’s common gas market and even threaten the future existence of the EAEU itself.

This paper will be part of the OGEL Special Issue on "Energy Market Creation: Liberalisations and Transformations". More information here www.ogel.org/news.asp?key=716