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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Armenia, Azerbaijan and Georgia enjoying Persian new year influx of Iranians

Armenia, Azerbaijan and Georgia are enjoying a welcome injection of revenues from the annual influx of Iranians enjoying their long Nowruz Persian new year holiday. Anecdotal evidence indicates ... more

Iran could join Moscow-led EEU by May says Russian minister

Russia’s Energy Minister Aleksander Novak has said Iran could join the Eurasian Economic Union (EEU) by May, RT reported on March 10. Tehran has repeatedly lobbied Moscow over the past year to ... more

Armenian energy minister says renewables, nuclear power to replace Russian gas

The Armenian government will continue with its efforts to reduce the share of Russian gas in the country's electricity mix, Energy Minister Ashot Maukyan said on January 31, according to the local ... more

Most Read

  1. Europe pushes back against US sanctions on Russia
    3 days ago
  2. Romanian developers get in the game
    8 days ago
  3. Putin and Trump trying to walk back Syria strike and sanctions tensions
    8 days ago
  4. BRICKS & MORTAR: Infrastructure investments create new real estate hubs in Bucharest
    2 days ago
  5. What’s the cost of US sanctions on Russia?
    9 days ago
  1. Fears raised of US conditioning F-35s sale on Turkey cancelling S-400 deal with Russia
    29 days ago
  2. Europe pushes back against US sanctions on Russia
    3 days ago
  3. Romanian developers get in the game
    8 days ago
  4. COMMENT: Whisper it – ‘Erdonomics’ could be driving Turkey to a meltdown
    16 days ago
  5. Putin and Trump trying to walk back Syria strike and sanctions tensions
    8 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss