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Armenia Reduces Russian Gas Imports by 13% While Increasing Supplies from Iran

gas pipeline
Arshaluis Mgdesyan
24.12.24 19:45
72

In the first half of 2024, Armenia significantly adjusted its gas import structure, reducing natural gas purchases from Russia while boosting supplies from Iran. Overall, natural gas imports decreased by 8.5%, totaling 1.35 million cubic meters.

According to Armenia’s Customs Service data cited by Finport, imports of Russian natural gas, which account for 83.3% of total gas imports, declined by 13% to 1.13 million cubic meters. In monetary terms, Russian gas imports dropped by 12.6%, amounting to $196.2 million.

Meanwhile, Iranian gas imports showed substantial growth, increasing by 22.9% to 226,200 cubic meters. The customs value of Iranian gas rose by 23.3%, reaching $37.8 million.

The liquefied petroleum gas (LPG) market, on the other hand, experienced a notable surge in imports, growing by 63.2% to 98,500 tons. Russia continued to dominate this market, accounting for 98.2% of LPG imports. Russian LPG supplies increased by 71.2% to 96,800 tons, with their value climbing by 71.5% to $28.9 million.

In contrast, LPG imports from Iran declined by 21.4% to 1,600 tons, and shipments from Iraq plummeted by 92.5% to 129.6 tons. Small volumes of LPG were also imported from Georgia, the UAE, Turkey, China, and Germany.

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