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ARG asks regulatory commission to revise upwards natural gas prices

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  • ARG asks regulatory commission to revise upwards natural gas prices

    ARG asks Armenia's public services regulatory commission to revise
    upwards current prices of natural gas

    YEREVAN, January 23, /ARKA/. Armenia's national gas distribution
    company ArmRosGazprom and its subsidiary Transgaz Ltd have asked
    Armenia's Public Services Regulatory Commission (PSRC) to reconsider
    upwards the current prices of natural gas charged from consumers.

    Under a Russian-Armenian agreement Russia's Gazprom is set to decrease
    the price it charges for gas supplied to Armenia. The price of Russian
    gas for Armenia rose from $110 to $154 per one thousand cubic meters
    in 2009 April and is expected to rise to $180 from April 1, 2010.

    The company's press office said the application calls for upward
    revision of prices for consumers which use up to 10,000 cubic meters
    of gas a month and suggests a pricing formula for consumers that use
    10,000 cubic meters and more. The application calls also for revision
    of prices for ARG's services, distribution and transportation.

    According to the application, ARG wants households to pay 136,000
    Drams per one thousand cubic meters of gas, up from the current 96,000
    Drams, VAT included.

    The company has also proposed to change the pricing formula for
    consumers that use 10,000 and more cubic meters of gas a month.

    It also asked the PSRC to increase the price of transporting one
    thousand cubic meters of gas from 15.8 Drams to 47 drams. The price
    for distribution of one thousand cubic meters is asked to be risen
    from 9,900 Drams to 15,600 Drams.

    ARG is the sole gas supplier to Armenia. Russian Gazprom owns 80% in
    it, the rest is held by the Armenian government. (377.75 Drams ).-0-

    From: Emil Lazarian | Ararat NewsPress
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