Iran gas not alternative for Russian gas in Armenia

Armenia is conducting negotiations with Russia’s GasProm and thus it wants to achieve a comfortable price for the natural gas import from Russia. Minister of Energy and Natural Resources of Armenia, Armen Movsesyan, said despite becoming more expensive, Russian natural gas has no alternative and it cannot be substituted by Iranian gas, which is even more expensive.

Iran could supply Armenia with up to 3 billion cubic meters of natural gas annually, but because of the high price, Armenia prefers to buy most of its gas supply from Russia. This is not a political issue, but rather an economic. Thus, Armenia has no chance to become a transit territory for Iranian gas, because Georgia receives Azeri gas cheaper and Iran directly provides Turkey with gas.