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In the context of the global economic challenges we are facing today, the need for the earliest possible formation of a common gas market for Armenia is especially acute, Armenia Prime Minister Nikol Pashinyan said as he addressed the Supreme Eurasian Economic Council meeting on Monday.

“A single energy market with non-discriminatory principles of functioning should become one of the pillars of our integration. Otherwise, there can be no qualitative progress in integration processes and it will be impossible to achieve equal conditions of economic activity for all participants in the Union,” Pashinyan added. as quoted by the government press service.

In the words of the PM, “Strategic Directions for the Development of Eurasian Integration until 2025” should fix the principle of applying common approaches to pricing and tariff setting on the EAEU common gas market, including uniform tariffs for services provided by a natural monopoly entity during transportation and gas transit.

“Our Union should strive to achieve this goal step by step, which will create favorable conditions for a qualitatively deeper economic integration within the Union,” added Pashinyan.