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Russian Gas Import Tariff For Armenia To Rise 16.8% Starting April 2

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  • Russian Gas Import Tariff For Armenia To Rise 16.8% Starting April 2

    RUSSIAN GAS IMPORT TARIFF FOR ARMENIA TO RISE 16.8% STARTING APRIL 2010

    Arminfo
    2009-11-06 14:16:00

    ArmInfo. Starting April 2010, import of natural gas to Armenia will
    cost $180 per 1000 cu meters versus the present $154, Robert Nazaryan,
    Chairman of the Public Services Regulatory Commission (PSRC) told
    media on Friday.

    He said Armenia has agreed to reduce the tariff by $20 for the next
    year i.e. to $180 instead of the earlier announced $200 per 1000 cu
    meter. He explained that rise of the import tariff will result in the
    growth of internal tariffs of gas for the population and enterprises.

    The exclusive supplier of natural gas to Armenia ArmRusgasprom CJSC
    will apply to PSRC for revision of the internal prices of gas till
    the end of January 2010, Nazaryan said. Electricity tariff will rise
    simultaneously. "Even if the power generating companies did not apply
    to the Commission for revision of tariffs, we will change the tariffs
    in order the generating companies avoid losses," PSRC Chairman said.

    Thermal power plants ensure 24-25% of total power generation in the
    country, and these plants are gas consumers. R. Nazaryan said that
    in 2010 the new modern power unit of Yerevan TPP will be put into
    exploitation which is twice as effective as the existing plants. The
    fifth power unit of Hrazdan TPP will be put into exploitation in 2011,
    he said. (Ed. It was reported earlier that Hrazdan-5 would be put
    into exploitation in 2010).

    Since April 1 2009, import of natural as to Armenia grew in price 40%
    to $154 per 1000 cu meters. As a result, the tariff grew 40.2% to $215
    per 1000 cu meters for industrial enterprises (consumers over 10000
    cu meters of gas monthly) versus the previous $153.26. Tariff for the
    consumers using up to 10,000 c/m of natural gas monthly (mainly the
    population) grew from the present 84,000 drams per 1,000 c/m inclusive
    of VAT to 969,000 thousand drams inclusive of VAT (a 14.2% growth).
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