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BusinessArmenia Begins Gas Price Talks With Russia

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  • BusinessArmenia Begins Gas Price Talks With Russia

    BUSINESSARMENIA BEGINS GAS PRICE TALKS WITH RUSSIA

    RIA Novosti
    September 10, 2010
    YEREVAN

    The Armenian government is in talks with Russia over gas prices,
    Armenian Prime Minister Tigran Sarkisyan said on Friday.

    "In the next two months, ArmRosgazprom will make a statement on the
    results of those negotiations," Sarkisyan said. ArmRosgazprom is a
    majority owned unit of Russia's gas giant Gazprom, and is a natural
    gas monopoly responsible for the supply and distribution of Russian
    natural gas on Armenia's market.

    Gazprom has previously announced its transition to market pricing
    with Belarus, Moldova and Armenia and expects an increase in gas
    prices for those countries in 2011.

    Tariff policy was discussed with Russian President Dmitry Medvedev
    during his August visit to the country Sarkisyan said.

    "This issue has always been at the centre of our attention. The
    administration of ArmRosgazprom has already been given permission
    to negotiate with the Russian side, so that the methods surrounding
    the tariff policy would not be unexpected for us, and so that those
    regulations on price increases that are in practice worldwide, would
    be the same for us," Sarkisyan said.

    Armenia's commission on public service regulation increased gas prices
    for domestic users to $0.34 from $0.25 per cubic meter in April. For
    businesses that use over 10,000 cubic meters of gas, the price went
    up by 13 percent to $243.13.

    The commission justified the gas increase by saying that the cost
    of imported gas rose 17 percent to $180, the national currency, the
    dram fell against the dollar, and 2009 gas consumption slumped by 20
    percent. It was also necessary to compensate ArmRosgazprom for its
    investment and increasing operating costs due to the expansion of a
    gas supply network, the commission said.




    From: A. Papazian
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