Russian Gas to Armenia Priced Well Below Global Spot Rates, Expert Says

Russia is supplying natural gas to Armenia at significantly discounted prices compared to current global market rates, according to an analysis by Finam Financial Group. The price of $177.5 per 1,000 cubic meters represents a substantial savings for Armenia, though it remains higher than prices charged on Russia's domestic market or to Belarus. This pricing disparity comes amid diplomatic tensions between Moscow and Yerevan, as Russia has notified Armenia of potential consequences should the country pursue European Union accession. According to Russian Foreign Ministry Spokeswoman Maria Zakharova, Russia has indicated it may terminate agreements on gas, petroleum products, and diamond supplies if Armenia joins the EU. Armenia's Foreign Ministry confirmed receipt of the Russian notification. Energy analysts note that quickly abandoning Russian gas supplies would present significant practical challenges for Armenia, given the favorable pricing structure and existing infrastructure dependencies.