Economy

Gazprom Armenia’s $143 Billion Investment Program Approved by PSRC

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The Public Services Regulatory Commission of Armenia has approved Gazprom Armenia’s investment program for 2025-2029, amounting to 143.045 billion AMD excluding VAT. Initially proposed at 144.027 billion AMD, the program’s budget was reduced by 981.84 million AMD following a comprehensive review.

The approved plan focuses on several key areas, including the expansion of the Abovyan underground gas storage facility, the reconstruction and modernization of the gas transportation system, the connection of new subscribers, and additional investments in the gas distribution network.

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