Key Market Indicators
Armenian energy supply is set to reach 3.4 million tonnes of oil equivalent by 2026, a 0.6% year-on-year growth since 1995. In 2021, it stood at 3.25 million tonnes of oil equivalent, ranking the country 124th. Luxembourg, meanwhile, was ahead with 3.25 million tonnes of oil equivalent. The US, India and Russia took the second, third and fourth spots in the rankings.