In the first quarter of 2016, Armenia imported 1 bln 4.9 mln cu m gas, as per the report of the Customs Service of the State Revenue Committee (SRC) of Armenia for the first quarter of 2016.

818 and 186 mln cu m gas was imported from Russia and Iran respectively.

As compared to the first quarter of 2015, the import from Iran (the barter supplies for Yerevan TPP in exchange for part of the power produced by it) remained at the same level. The import from Russia (for the common market of Armenia) reduced from 1 bln 125 mln to 818 mln cu m.

Since 1 April 2016, Armenia has paid $150 instead of $165 UDS per 1000 cu m of Russian gas. According to the Public Services Regulatory Commission (PSRC), in the second quarter of 2016, Armenia imported 249.6 mln cu m gas from Russia. Thus, in the first three months (April-June), the new price improved the trade balance of the republic by $3.7 mln.

By the end of the year, the savings will become more significant, since gas consumption, which is lower in spring and summer, strongly rises in winter. As a comparison, in the first quarter of 2016 (January-March), the import from Russia exceeded the previous results 2.3 times, totaling 568,7 mln cu m.