Russia pushes for strengthening SCO’s energy club

The grouping’s member states are looking to create a unified energy market for oil and gas exports, while promoting regional development through preferential energy agreements.

In an attempt to give a greater economic role to the regional grouping, Russia is encouraging the strengthening of the ‘energy club’ within the Shanghai Cooperation Organization (SCO).

In recent years, SCO member states have sought greater energy cooperation. This follows a formulated dialogue and integrated concept for the creation of an energy club. SCO member states want to create a unified energy market for oil and gas exports, while promoting regional development through preferential energy agreements. Continue reading