Armenian gas imports from Russia up by 5.4% y/y in 2014

By bne IntelliNews January 15, 2015

In 2014 Armenia imported 2.451bn cubic metres (bcm) of natural gas from Russia, up by 5.4% y/y, Arka news agency reported on January 14 citing Energy and Natural Resources Minister Yervand Zakaryan. Imports of gas from Iran fell to 0.389 (bcm), down by 3% compared to 2013.

Speaking at a news conference Zakaryan said that in 2014 gas consumption grew by 16% to 0.594 bcm, and liquefied gas stations registered an increase to 0.482 bcm from 0.455 bcm in 2013. Ha also added that household consumption decreased by 3% to 0.523 bcm, industry by 9.4% to 0.243 bcm, while public-sector enterprises’ consumption dropped by 4.49% to 0.043 bcm.

Iran and Russia are Armenia’s key energy suppliers. Yerevan and Tehran signed an agreement in 2009 for exchanging natural gas with electricity supply. Since then, Armenia has imported 2.2 bcm of gas from Iran shipping in return a total of 6.6bn kWh of electricity. In exchange for one cubic metre of gas Armenia ships 2 kWh of electricity to Iran. The pipeline between Armenia and Iran was opened in 2007. 

Gazprom Armenia, 100% owned by Russian gas behemoth Gazprom, supplies gas to Armenia. The company is also engaged in transporting, storing, distributiing and selling natural gas, as well as reconstructing and expanding gas transmission networks and underground gas storage facilities.

Related Articles

Azerbaijan's Aliyev, Russia's Putin hold surprise meeting in Sochi

Azerbaijani President Ilham Aliyev and Russian President Vladimir Putin held an unannounced meeting in Sochi on July 21, according to RIA Novosti press agency. The two heads of state reportedly ... more

Nagorno-Karabakh parliament votes in incumbent for third presidential term

The parliament of the disputed enclave of Nagorno-Karabakh voted in President Bako Sahakyan for a third term in power on July 19, with 28 voting in favour and four against.  The result was ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more