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Armenian And Russian Presidents Agree On Gas Price

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  • Armenian And Russian Presidents Agree On Gas Price

    ARMENIAN AND RUSSIAN PRESIDENTS AGREE ON GAS PRICE

    Vestnik Kavkaza
    Aug 8 2012
    Russia

    The presidents of Armenia and Russia have agreed on the price of gas
    supplied to Armenia.

    President Sargsyan told journalists about the outcome of the talks
    with his Russian counterpart Vladimir Putin, News.am cites RIA Novosti.

    Sargsyan they had talked about a key issue - the price of natural
    gas supplied to Armenia.

    "I think we have come to an agreement about pricing for gas supplies.

    The price should be based on the actual market price of gas, taking
    into account ... regional tariffs for the Armenian economy to maintain
    its efficient position," RIA Novosti quotes Sargsyan.

    Several media outlets claimed that gas prices will go up in Armenia,
    amounting to AMD 280 for 1000 cubic meters starting from October 1st,
    2012, while the price would again go up from next year, amounting
    to AMD 320. Armenia currently purchases gas at AMD 180 for 1000
    cubic meters.

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