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RA Energy Minister: Rise In Prices For Natural Gas In Armenia From M

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  • RA Energy Minister: Rise In Prices For Natural Gas In Armenia From M

    RA ENERGY MINISTER: RISE IN PRICES FOR NATURAL GAS IN ARMENIA FROM MAY 1 NOT TO REFLECT ON COUNTRY'S ECONOMY

    arminfo
    2008-04-16 11:32:00

    ArmInfo. Rise in prices for natural gas in Armenia from May 1, 2008,
    in view of termination of state subsidization will not reflect on the
    state of the country's economy, RA Energy Minister Armen Movsisyan
    said in an interview with RA Public TV.

    He said that the subsidies of $188.8 mln, received from sale of the
    fifth power unit of Hrazdan TPP, ended in January, 2008 in view of
    an unexpected high gas consumption. However, even after termination
    of subsidization, the gas prices in Armenia still remain the lowest
    in the region, the minister said. In fact, the gas price in Armenia
    for those consuming up to 10,000 cub m of gas per month (mainly
    the population) will grow by 25,000 drams per 1000 cub m to 84,000
    drams. For commercial consumers using over 10,000 cub m of gas per
    month, the price will rise by $52,01 to $153,26 per 1000 cub m.

    A. Movsisyan also said, for comparison, that the gas price in
    Azerbaijan, using its own gas, makes up $250, in Georgia - $270-305,
    in Turkey - $307.
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