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Armenian Government Pays 184.3 Million Drams To ARG As A Partial Com

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  • Armenian Government Pays 184.3 Million Drams To ARG As A Partial Com

    ARMENIAN GOVERNMENT PAYS 184.3 MILLION DRAMS TO ARG AS A PARTIAL COMPENSATION FOR USE OF NATURAL GAS BY UNSECURED FAMILIES

    /ARKA/
    September 15, 2011
    YEREVAN

    YEREVAN, September 15. / ARKA /. The Armenian government has instructed
    today the ministry of energy and natural resources to pay 184.3 million
    drams to ArmRosGazprom (ARG) natural gas distribution company as a
    partial compensation for use of natural gas in April-June 2011 by
    unsecured Armenian families.

    At the initiative of Armenian president Serzh Sargsyan the price of
    gas for the vulnerable families was cut by 30% from April 1, 2011.

    According to the government decision, before April 1, 2012, some
    49,500 poor families that will consume less than 300 cubic meters
    of gas per month can benefit from reduced tariffs which is 100 drams
    per one cubic meter. The price for others is 132 dram.

    According to prime minister Tigran Sarkisian, these families will
    get about one billion drams in assistance this year not to feel the
    negative consequences of the increased gas price.

    Minister of energy and natural resources Armen Movsisyan said during a
    Cabinet session the money will be paid to ARG from profits, generated
    by state-run companies owned and operated by the ministry.

    ARG is the only company dealing with import and distribution of
    Russian natural gas coming to Armenia from Russia via Georgia. It was
    established in 1997. Russian Gazprom holds more than 80 percent in it,
    the rest is owned by Armenian government.




    From: A. Papazian
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