PECULIARITIES OF NATIONAL ENERGY MARKETS REGULATION IN THE CONDITIONS OF THE DEVELOPMENT OF INTERNATIONAL INTEGRATION PROCESSES
V. S. Davtyan, Yu. V. Vertakova, V. A. Plotnikov
Известия Юго-Западного государственного университета
The study aims to analyze the processes of international integration of energy markets, systematize the measures for regulatory activities in modern geopolitical conditions. The study was carried out in the course of fulfilling the state task of the Ministry of Education and Science of the Russian Federation No 26.3546.2017 / PCh "Development of the Fundamentals of Analysing and Forecasting Structural and Dynamic Parameters of the Regional Economy on the Basis of Integration of Russian and
... Experience of Managing Territorial Development and Modern Scientific Doctrines". Goal and Objectives. To assess the state of the energy markets and the direction of integration processes in the energy markets, to systematize the legal foundations of energy integration in the Eurasian space, to formulate the main stages and approaches to the formation of a common gas market, to consider Armenia's experience and prospects in integration processes. Methodology. The methods of statistical, logical and system analysis are used in the work to estimate the consequences of energy integration for the EEA countries. Based on the analysis of the empirical data on the energy balances of the countries and the forecast gas balance of the Eurasian Economic Union, the directions for improving energy security are substantiated. Results.The modern world is becoming increasingly globalized and interdependent. This, along with the aggravation of political and economic rivalry associated with the gradual 'erosion' of the model of a unipolar world order, creates new risks for the sustainable socio-economic development of individual countries. International economic integration which allows to join the economic potentials of individual countries and, on this basis, increase their protection against risks and threats in various spheres is an instrument of neutralizing these risks. The article considers the mechanisms of mutual influence of integration processes and ensuring national energy security with the main emphasis on the formation and development of the gas market of integration groups. The article analyzes the experience of the EU and the EEU in creating uniform rules for the regulation of energy and gas markets, identifies typical problems and ways to resolve them. Measures that contribute to increasing the speed and intensity of integration processes, based on taking into account national economic interests are proposed. Conclusions. At present, effective provision of energy security for states can not be carried out outside the framework of integration processes. Cooperation within the framework of supranational integration projects form additional conditions for the development of national energy systems and increase the level of its competitiveness. At the same time, 'gains' from energy integration for different countries are not equivalent.