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MINISTER: ARMENIA TO SOON END TALKS ON PRICE OF RUSSIAN GAS
Prime-Tass English-language Business Newswire
July 12, 2012 Thursday 4:17 PM EET
Russian natural gas giant Gazprom and Armenia's Energy and Natural
Resources Ministry plan to complete negotiations over the price
of short-term natural gas supplies from Russia, Armenia's Energy
and Natural Resources Minister Armen Movsisyan said Thursday, RIA
Novosti reported.
"The negotiations are well under way... There will be no clandestine
increase in gas prices. The talks will end soon, and everything will
be revealed," Movsisyan told reporters.
Movsisyan's statement followed media speculations that the price of
Russian gas to Armenia had already been increased, but it was not
publicly revealed.
It was previously expected that the price of Russian gas supplies to
Armenia would increase on April 1, 2012, but no official reports on
the increase have been made.
According to Armenian mass media's earlier reports, the price of
Russian gas is expected to climb up to U.S. $280 per 1,000 cubic
meters starting from October 1. At present, Armenia pays $180 per
1,000 cubic meters for Russian gas. The gas price for Armenia is seen
to stand at $320 per 1,000 cubic meters starting from January 1, 2013.
Established in 1997, ArmRusGasProm is the monopolist in the sphere
of supply and distribution of Russian gas on Armenia's domestic market.
Gas is pumped to Armenia via Georgia.
Nowadays, Gazprom holds 80% in ArmRusGasProm with the remaining 20%
in the company owned by the Armenian government.
Prime-Tass English-language Business Newswire
July 12, 2012 Thursday 4:17 PM EET
Russian natural gas giant Gazprom and Armenia's Energy and Natural
Resources Ministry plan to complete negotiations over the price
of short-term natural gas supplies from Russia, Armenia's Energy
and Natural Resources Minister Armen Movsisyan said Thursday, RIA
Novosti reported.
"The negotiations are well under way... There will be no clandestine
increase in gas prices. The talks will end soon, and everything will
be revealed," Movsisyan told reporters.
Movsisyan's statement followed media speculations that the price of
Russian gas to Armenia had already been increased, but it was not
publicly revealed.
It was previously expected that the price of Russian gas supplies to
Armenia would increase on April 1, 2012, but no official reports on
the increase have been made.
According to Armenian mass media's earlier reports, the price of
Russian gas is expected to climb up to U.S. $280 per 1,000 cubic
meters starting from October 1. At present, Armenia pays $180 per
1,000 cubic meters for Russian gas. The gas price for Armenia is seen
to stand at $320 per 1,000 cubic meters starting from January 1, 2013.
Established in 1997, ArmRusGasProm is the monopolist in the sphere
of supply and distribution of Russian gas on Armenia's domestic market.
Gas is pumped to Armenia via Georgia.
Nowadays, Gazprom holds 80% in ArmRusGasProm with the remaining 20%
in the company owned by the Armenian government.