Energy cooperation of the Eurasian Economic Union countries

Abstract

The article considers the historical conditions and natural resource potential of the countries of the Eurasian Economic Union (EAEU), which predetermined their cooperation in the fuel and energy complex as a priority area. The study also defines the energy component of trade and the institutional structure of the EAEU. The different importance of cooperation in the field of fuel and energy complex for different countries is determined. For Russia’s national security, in which energy provides its foreign trade, the main thing is the demand security, and for other EAEU countries it is the supply security, which is the basis of their stable economic development. The step-bystep creation of energy markets should take into account the requirements of the global energy transition, contribute to the development of Eurasian integration and increase the pace of economic development of countries as a whole.