Russia, Kazakhstan considering creation of triple gas union with Uzbekistan
The presidents of Russia and Kazakhstan, Vladimir Putin and Kassym-Jomart Tokayev, discussed creation of ‘a triple gas union’ with Uzbekistan, TASS reports with reference to the press secretary of the President of Russia, Dmitry Peskov
As noted by Mr. Peskov, the Russian leader means creation of a co-ordination mechanism ‘maybe – this is definitely still to be discussed – with a legal entity for co-operation between these three countries and further for infrastructure development for foreign markets’.
The Kremlin representative added that Kazakhstan and Uzbekistan have rapidly developing economies, and their domestic gas needs are also growing. "Both countries trade in foreign markets, as the Russian Federation does as well. Of course, this requires certain synchronisation," Mr. Peskov said, noting that Russia and Kazakhstan – being partners within the Eurasian Economic Union – also have certain plans for the development of this industry and creation of common energy markets in the future. "Uzbekistan, as it is known, is also eyeing the EAEU. It is an observer. Therefore, it is also very important to get co-ordinated and synchronised here," he stressed.
Mr. Peskov said the idea of creating a gas union by Russia, Kazakhstan and Uzbekistan is extremely relevant and corresponds to the interests of these states, “We are talking of a huge, vast territory in a very important region, so the routes of energy and gas supplies, among others, are extremely topical for it. This territory has an extensive network and co-ordination of actions, and all this will meet the interests of the above-mentioned three countries.” He added that the initiative will be finalised ‘in terms of formulating clear outlines’.
Earlier, Russian Deputy Prime Minister Alexander Novak noted that such areas of co-operation are being considered, since Russia, Kazakhstan and Uzbekistan share a single gas transportation system since Soviet times. "In fact, we enjoy great opportunities to expand mutual co-operation, including in relation to gas supplies and processing, as well as deliveries to other export destinations," he said, adding that China could become one of the directions.