Imports of oil and gas cover 77% of Armenia’s energy needs. Current energy policy is focused on developing indigenous energy sources, mainly renewable, and on replacing the country’s main nuclear reactor. Energy Efficiency policy has also become a bigger priority as energy security and reliability remain key focus areas. Armenia is part of the EU4Energy Progamme, an initiative focused on evidence-based policymaking for the energy sector.


Key energy statistics

Key recommendations, 2022

  • Foster regional market integration and conformity with EU energy legislation

    Increase resources and improve capabilities to enable the parallel implementation of Comprehensive and Enhanced Partnership Agreement (CEPA) and Eurasian Economic Union (EAEU) policies and measures. In particular, the government needs to be in a position to ensure regulatory consistency and legal certainty when approximating Armenian legislation to EU energy legislation, while at the same time setting up a common market for electricity and gas with EAEU member countries.

  • Enhance government’s modelling capability

    By dedicating a regular modelling budget to ensure consistency and comparability, and to avoid the loss of institutional memory, enhance the government's modelling capability. Work in this area should encompass the whole economy, and extend the time horizon at least to 2050 in order to chart net-zero pathways.

  • Foster the liberalisation and competitivity of the electricity market

    Continue the government’s considerable efforts to transition to a liberalised, competitive electricity market by reducing technical, economic and administrative barriers, and consider a similar path for gas.

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