INTEGRATION PROCESSES IN THE ENERGY SPHERE OF EURASIA: FEATURES AND PROSPECTS

Abstract

Abstract. In a world where the process of globalization in all sectors of human activity is developing at a steady
pace, the energy sphere attracts particular attention as one of the most important global problems of the modern
world. This importance is due to the fact that the energy factor, both in the interrelations of individual countries and
regions, and on an international scale plays a decisive role in the development of political relations. In this regard, the
article discusses the role of the energy factor in the framework of the Eurasian Economic Union. Achieving economic
integration is closely related to the energy integration of the region and one of the components of the energy integration
complex is the formation of common markets for oil, gas and oil products. Thus, the study examines the features
and potential of the oil and gas markets of the EAEU member countries, as well as the problems and challenges that
need to be solved for the formation of energy integration. The article analyzes the characteristics of the integration of
world energy markets and the problems of ensuring energy security, as well as the analysis of the characteristics of the
development of regional energy markets in Russia, Kazakhstan and the Republic of Belarus. The article attempts to
predict the trends of their development and to identify the prerequisites for the formation of the Eurasian energy space.