PSRC approves Gazprom Armenia’s $150M investment plan![]() December 17, 2025 - 17:27 AMT PanARMENIAN.Net - On December 17, the Public Services Regulatory Commission (PSRC) approved Gazprom Armenia’s 2026–2030 investment program, which is valued at 150.3 million drams (excluding VAT), the commission announced. The main components of the investment plan include the expansion of the Abovyan underground gas storage facility, restoration and reconstruction of the gas transmission system, connecting new subscribers, and other investments within both the gas transmission and distribution systems. Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news |