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.

23 meter of gas. Through gas pipelines, Armenia could receive 1 billion cubic meters of gas and export 3 billion kWh of electricity. However, the gas pipeline is not used to its full capacity, at the moment not even one second of it is used, that is, we have the opportunity to triple these volumes. Apparently, the first reason that does not allow to increase the volume of gas imported from Iran to Armenia is Western sanctions against Iran. Every day, more than 100 million drams are paid to the state budget of the Republic of Armenia [7]. The issue of natural gas pricing in the world is one of the priorities, it affects not only the fuel and energy complex, but also the competitiveness and social stability of the economy. Armenia has some privileges, unlike the prices of gas supplied to European countries, but since 2023 the price of gas has increased, although it was incomparably lower than world market prices , which is associated with changes in world energy markets. In market conditions, the price is regulated by market mechanisms, ensuring the balance of supply and demand. The problem is that in monopolistic market conditions, where the presence of a single seller and in most cases the impossibility of his substitutability leads to a transition from "free" (formed) market prices to "designated" (determined) prices, the underlying method of which is the cost method. Figure 2. Natural gas imports to Armenia in 2014-2024 (January-June) by weight of exporting countries (%) [6]. 14,2 16,1 18,7 14,6 19,1 15,6 16,4 13,5 11,6 12,6 17 85,8 83,9 81,3 85,4 80,9 84,4 83,6 86,5 88,4 87,4 83 0% 20% 40% 60% 80% 100% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Islamic Republic of Iran Russian Federatioon