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Gazprom’s Power Play in Armenia

Gazprom, the Russian energy goliath, reportedly continues its shopping spree in Armenia; this time around, setting its eyes on the Caucasus country's power-distribution grid. Such a buy would get Gazprom closer to becoming the main source of light and heat in Armenia, second only to the sun.

This week, the Russian version of Forbes magazine reported that Gazprom is negotiating the purchase of Electric Networks of Armenia, 36,000 kilometers of power wires that supply electricity to some 950,000 customers out of the country's population of just over 3 million people.

If the deal is done, the electricity network will change hands from one Russian company, Inter RAO UES, to another. But then, Gazprom is, of course, not just another Russian company. It is the Kremlin’s magic wand for political clout and foreign policy.

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Gazprom’s Power Play in Armenia

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