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PRESIDENTS OF RUSSIA AND ARMENIA REACH AGREEMENT ON GAS PRICE
Prime-Tass English-language Business Newswire
August 8, 2012 Wednesday 5:05 PM EET
Russia
Russia and Armenia have come to terms over the price of Russian
natural gas supplies, Armenian President Serzh Sargsyan said Wednesday,
as cited by RIA Novosti.
"The price should be based on a real market price for gas, multiplied
or divided, whatever you like, by a necessity to provide Armenia
with gas at prices comparable with regional tariffs to maintain the
efficiency of the Armenian economy," Sargsyan told reporters after
negotiations with Russian President Vladimir Putin.
In early July, Armenian mass media reported on a possible hike in
price for Russian gas starting from October 1. Thus, Russian gas for
Armenia could have cost U.S. $280 per 1,000 cubic meters from October
1 and $320 per 1,000 cubic meters from January 1, 2013.
At present, Armenia purchases gas from Russian natural gas giant
Gazprom at the price of $180 per 1,000 cubic meters. Earlier, it
was projected that the price would be increased from April 1, though
there have been no information on any rises in the Russian gas price.
Prime-Tass English-language Business Newswire
August 8, 2012 Wednesday 5:05 PM EET
Russia
Russia and Armenia have come to terms over the price of Russian
natural gas supplies, Armenian President Serzh Sargsyan said Wednesday,
as cited by RIA Novosti.
"The price should be based on a real market price for gas, multiplied
or divided, whatever you like, by a necessity to provide Armenia
with gas at prices comparable with regional tariffs to maintain the
efficiency of the Armenian economy," Sargsyan told reporters after
negotiations with Russian President Vladimir Putin.
In early July, Armenian mass media reported on a possible hike in
price for Russian gas starting from October 1. Thus, Russian gas for
Armenia could have cost U.S. $280 per 1,000 cubic meters from October
1 and $320 per 1,000 cubic meters from January 1, 2013.
At present, Armenia purchases gas from Russian natural gas giant
Gazprom at the price of $180 per 1,000 cubic meters. Earlier, it
was projected that the price would be increased from April 1, though
there have been no information on any rises in the Russian gas price.