Proceedings of the International scientific and practical conference “Science in the Modern World” (January 19-21, 2026) / Publisher website: www.naukainfo.com. - Cambridge, United Kingdom, 2026. - 203 p.

22 sector bears a great social responsibility towards the state, economy, and population. Stable gas supply is one of the most important factors in the energy security of many countries and, therefore, is one of the most important elements of regional geopolitics. In Armenia, the functions of state regulation of the gas supply sector are reserved by law to the Public Services Regulatory Commission of the Republic of Armenia. Regulation of the energy sector is part of the state policy of the Republic of Armenia, the purpose of which is to balance the interests of consumers and licensees, create uniform conditions for activity for licensees, and contribute to the formation and development of a competitive market by establishing and controlling the rules for the operation of electricity, heat supply, and gas supply systems, regulatory tariffs, and license conditions [5] . Armenia is energy dependent on the Russian Federation. According to the Public Services Regulatory Commission, in the first half of 2024, 1358.9 million cubic meters of gas were imported to Armenia , 83% of which came from Russia and 17% from Iran. We can draw the same conclusion from the data of previous years. Since Armenia lacks natural gas reserves, it will be more dependent on the outside world. In this case, the dependence is largely on Russia. The Russian Gazprom Armenia CJSC ensures the supply and sale of natural gas in the domestic market of Armenia. It has an absolute monopoly in this area, since a country with such a small market as Armenia cannot afford to have different gas supply companies, and it would not be profitable for any other company to enter the market and create new gas pipelines and infrastructure. When Gazprom Armenia submits a request to increase the price of gas for its residents, Armenia begins to think about increasing the volume of gas imported to Armenia from Iran and eliminating its dependence on Russia. However, the example of the last ten years is a fact that Iran-Armenia energy trade does not register visible growth. Armenia and Iran began cooperation in the energy sector in 2009 within the framework of the Gas for Electricity program. Armenia cooperates with Iran on a barter principle, with the logic of electricity exchange: we give electricity, we receive gas. Armenia gives Iran 3 kWh of electricity for 1 cubic