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Armenia Negotiating With Russia On Gas Tariffs

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  • Armenia Negotiating With Russia On Gas Tariffs

    ARMENIA NEGOTIATING WITH RUSSIA ON GAS TARIFFS

    Interfax
    July 10 2012
    Russia

    Armenia is negotiating with Russia on gas tariffs, the Armenian Energy
    and Natural Resources Minister's Press Officer Lusine Arutyunyan
    told Interfax.

    "We are holding negotiations relative to the entire complex of
    cooperation in the energy sphere, including issues related to natural
    gas tariffs," she said. So far as the negotiations are underway, the
    ministry will not make any statements regarding possible changes in
    the gas price, she said.

    During a working meeting in Moscow on June 29, Gazprom (RTS: GAZP) CEO
    Alexei Miller and Armenian Energy and Natural Resources Minister Armen
    Movsisyan discussed gas price formation and boosting gas deliveries
    to Armenia in 2012-2013.

    In February, Movsisyan told journalists that Gazprom had not yet
    informed Armenia of price hikes for natural gas this year. "I think
    that such a request [to raise the gas price] will not come from the
    Russian company this year," he said, noting that notification has to be
    submitted four months before the planned price hike. Armenia currently
    buys Russian gas at the old price - $180 per 1,000 cubic meters.

    Armenia saw the cost of Russian natural gas grow from $154 per 1,000
    cu m to $180 on April 1, 2010. Although price hikes normally occur
    on April 1, last year the price was left unchanged for Armenia for
    the first time in several years.

    Russian gas deliveries to Armenia climbed 11.7% to 1.609 billion
    cubic meters in 2011.

    Gazprom owns 80% of CJSC ArmRosGazprom shares.


    From: Baghdasarian
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