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Russia and Armenia agree gas price deal

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  • Russia and Armenia agree gas price deal

    Steel Guru, India
    Aug 10 2012


    Russia and Armenia agree gas price deal


    RIA Novosti quoted Mr Serzh Sargsyan Armenian President said Russia
    and Armenia have agreed on prices for natural gas supplies to Yerevan.

    He said that "I think we have come to an agreement about pricing for
    gas supplies. The price should be based on actual market price of gas
    taking into account regional tariffs for the Armenian economy to
    maintain its efficient position."

    Armenian media reported in early July that Russian gas giant Gazprom
    would raise prices for gas supplies to Armenia from the current USD
    180 per 1,000 cubic meters to USD 280 from October 2012 and to USD 320
    from 2013. Armenian Energy and Natural Resources Minister Mr Armen
    Movsisyan subsequently denied there would be gas price increases.

    Gazprom exports its natural gas to Armenia through Georgia through its
    subsidiary ArmRosgazprom.

    http://www.steelguru.com/russian_news/Russia_and_Armenia_agree_gas_price_deal/277820.html

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