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  • Armenia Takes Part In Development Of Methodology For Formation Of In

    ARMENIA TAKES PART IN DEVELOPMENT OF METHODOLOGY FOR FORMATION OF INDICATIVE BALANCES OF NATURAL GAS, OIL AND OIL PRODUCTS

    YEREVAN, February 13. / ARKA /. A team of Armenian experts and
    government officials took part in a meeting of a task force set
    up to develop a methodology for formation of indicative (forecast)
    balances of natural gas, oil and oil products, the press service of
    the Eurasian Economic Commission (EEC) said.

    The meeting, chaired by Sergei Kolobanov, deputy head of EEC's energy
    department, was held on February 12 in Moscow. It was attended by
    representatives and government officials from Belarus, Kazakhstan,
    Armenia and Russia, as well as businesses community.

    The draft agreement will be submitted to the consideration of the
    Advisory Committee on Oil and Gas of the EEC's Board on 25th of
    February 2015.

    In accordance with the Eurasian Economic Union's (EEU) Treaty,
    authorized representatives of the trade bloc should adopt the
    methodology before July 1, 2015.

    The draft agreement on the formation of the methodology for indicative
    (forecast) balances of gas, oil and oil products was developed based
    on the results of a relating research, conducted by the Institute
    for Energy Research of the Russian Academy of Sciences in 2013.

    The draft agreement was revised and improved by a working group set
    up at the recommendation of the Advisory Committee on Oil and Gas of
    the EEC's Board.

    The adoption of the agreement will unify the approaches of EEU member
    states to the compilation of indicative (forecast) balances of gas,
    oil and oil products and organize systematic work to ensure the
    development of these balances.

    The Eurasian Economic Commission (EEC) is a permanent regulatory body
    of the Eurasian Economic Union. It started functioning on February 2,
    2012. The main objective of the Eurasian Economic Commission is to
    ensure functioning and development of the EEU, to prepare proposals
    for its further integration. -0-

    http://arka.am/en/news/economy/armenia_takes_part_in_development_of_methodology_f or_formation_of_indicative_balances_of_natural_gas/#sthash.zOPqWD3F.dpuf

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