How much energy does Armenia need?

It has been an observer to the Energy Community since 2011 and a member of the Eastern Partnership since 2009. Although Armenia’s energy demand averages more than 3 Mtoe (3.59 Mtoe in 2020) and the country does not produce any fossil fuels, it manages to cover 27% of energy demand with domestic energy production.

Why does the IEA recommend Armenia?

The IEA commends Armenia for avoiding energy subsidies and for its decisive steps to implement a liberalised electricity market, which was launched in February 2022. Exposing investors and consumers to the true costs of energy supply, accompanied by a safety net for the most vulnerable customers, helps ensure efficient energy investment and use.

Does Armenia use natural gas?

Natural gas represents a large portion of total energy consumption in Armenia, accounting for 50% and is the primary means of winter heating in the country.

Where does Armenia get its energy from?

Lacking indigenous resources, Armenia imports natural gas and oil for most of its energy needs (78.6% of total energy supply in 2020), mainly from the Russian Federation (hereafter, “Russia”).

Why is Armenia a partner country of the EU INOGATE energy programme?

Armenia is also a partner country of the EU INOGATE energy programme, which has four key topics: enhancing energy security, convergence of member state energy markets on the basis of EU internal energy market principles, supporting sustainable energy development, and attracting investment for energy projects of common and regional interest.

What is Armenia's Energy Strategy?

Since the IEA’s last review in 2014/15, Armenia has developed an Energy Strategy, released in 2021, which calls for up to 1 000 MW of solar PV capacity to be installed by 2030, lifting the share of grid-connected solar to 15% of generation.