The Emerging Eurasian Common Energy Market: What is Its Potential Impact on China’s Belt and Road Initiative?

Zhenis Kembayev

2019

Closed access Metadata (CSL-JSON)
DOI 10.1163/22119000-12340137
Data confidence 70 medium
How this score is calculated

It is built from checkable properties of the record itself: whether the article has a DOI, how many independent sources confirmed its data, whether the required fields are filled in, and how recent the latest confirmation is. Disagreement between sources and a missing identifier lower it. A value of 80 or above means the record was published without further checking; 60 to 79 means it is published at reduced confidence, with a manual check advisable. A record verified by an editor by hand is never pushed below 90 by a recalculation. This scores our data about the article, not the article itself.

Abstract

Abstract This article examines the coordinated energy policy of the Eurasian Economic Union (EAEU) and the regulatory framework of the emerging Eurasian Common Energy Market as applied to its three major components: the Common Electric Power Market, the Common Gas Market and the Common Market of Petroleum and Petroleum Products. It aims to explore the issue of the potential impact of the EAEU energy policy and its associated regulatory framework on the Belt and Road Initiative (BRI). The article argues that the operation of the Eurasian Common Energy Market will have a positive impact on the BRI project by harmonization and/or unification of energy-related regulations across a significant part of the New Silk Road as well as by the liberalization of the energy markets of EAEU Member States, bringing greater competition and abolishing barriers to trade between EAEU Member States in energy and related equipment, technology and services.