NewsArmenia's gas strategy: New deal with Turkmenistan via Iran

Armenia's gas strategy: New deal with Turkmenistan via Iran

Armenia has initiated discussions with Turkmenistan regarding the procurement of natural gas, aiming to reduce its reliance on Russia's Gazprom. The gas will be delivered via Iran, and the agreement encompasses the supply of approximately 600 million to 1 billion cubic metres.

Prime Minister of Armenia Nikol Pashinyan and President of Russia Vladimir Putin
Prime Minister of Armenia Nikol Pashinyan and President of Russia Vladimir Putin
Images source: © Getty Images | Contributor
Przemysław Ciszak

Armenia is actively working to diversify its gas sources and has begun negotiations with Turkmenistan. According to "Pravda," Artashes Tumanian, advisor to the Armenian Prime Minister Nikol Pashinyan, confirmed the intention to finalise a deal with the state-owned company Turkmengaz. The gas will be transported through Iran, which has agreed to the transit.

The agreement anticipates deliveries of approximately 600 million to 1 billion cubic metres of gas, although the price has yet to be established.

Armenia is exploring the possibility of further transiting Turkmen gas to Georgia, which would facilitate supplies to countries around the Black Sea. Tbilisi has already expressed agreement with this proposal.

Breaking free from Gazprom's grasp

Currently, the sole gas supplier to Armenia is Russia's Gazprom, which provides the resource through Georgia at a fixed price of $165 (127£) per 1,000 cubic metres until 2030.

Armenia also collaborates with Iran under the "gas for electricity" programme, importing over 2.6 billion cubic metres of gas annually.

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