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.

28 From this perspective, the idea of introducing modern gas trading systems is extremely important, as well as the application of an effective state regulation mechanism, which will make it possible to make long-term foreign investments realistic. It is noteworthy that the RA gas market is distinguished by a number of problems of gas pricing and service, which have a negative impact on the investment decision-making process. Therefore, to ensure financial inflows and attract foreign investments, it is necessary to have functioning mechanisms in both the relevant legal and financial fields, which will form an effectively functioning gas sales market. The goal of the directions, principles and approaches to regulating and developing the gas sales market of the Republic should be to combine the experience of gas markets of different countries with the current state regulation of the market. Such an approach is necessary in order to create sufficient conditions for investors, taking into account the current state of the RA gas sales market. LIST OF USED LITERATURE: 1. Melkumyan M., "Service" (study guide) Yerevan, Economist 2022, 424 pages. 2. Papikya S., History of gas supply of Armenia and Artsakh, Yerevan 2019, 50 pages. 3. URL: https://armenia-am.gazprom.com/press/news/2023/12/1821/ 4. https://www.bp.com/content/dam/bp/business- sites/en/global/corporate/pdfs/energy-economics/statistical-review/bp-stats- review-2022-full-report.pdf 5. RA Law "On the Public Services Regulatory Authority", Article 5. 6. PSRC of the Republic of Armenia https://psrc.am/uploads/files/%D4%B2%D5%B6%D5%A1%D5%AF%D5%A1 %D5 7. Parsyan, S.H., Hovsepyan, M.H., Melkumyan, Z.M., Minasyan, D.G., Nazaryan, S.H. (2025). Startups as a Pillar of Innovation and Progress. In: Popkova, E.G. (eds) Sustainable Development of Business 4.0. Advances in Science,