Armenia is considering alternative gas sources to ensure economic security
Quick Look
Secretary of the Security Council of Armenia Alen Simonyan announced the possibility of diversifying gas supplies from Azerbaijan, Iran or Turkey, emphasizing the need for balance and refusal to politicize energy prices.
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Why It Matters
Armenia currently depends on gas supplies from Russia. Officials discuss the risks of sharp increases in energy prices.
Armenia can start purchasing gas from Azerbaijan, Iran or Turkey, because in matters of economic security it is interested in balance and the availability of an alternative. This was stated by the Secretary of the Security Council of the Republic Alen Simonyan, Interfax reports.
Answering a question about a possible increase in the cost of Russian gas, the official emphasized that Yerevan would like to purchase fuel wherever possible, and we are not talking about replacing one energy dependence with another. “Who said you have to leave one pocket and jump into another?” - he asked.
Simonyan refused to consider gas coming from Russia to be the cheapest. “Who said that the price of gas is measured only in dollars? You see that gas is used as a political currency,” the Security Council Secretary recalled.
Prior to this, the head of the Central Bank of the Republic, Martin Galstyan, called the scenario in which Russia sharply increases the cost of gas apocalyptic. “From our point of view, this is a type X scenario, not an A or a B, it rather suggests something apocalyptic, and the reaction to it should be stronger,” he explained.
Open Questions
- Are there real technical possibilities for importing gas from Turkey?
- What will be Russia's reaction to such statements?
