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RUSSIA TO SUPPLY ARMENIA GAS AT LOW PRICES
New Europe, EU
Dec 9 2013
08.12.2013 - 21:01
On 2 December, Russian gas monopoly Gazprom said it would take over
full ownership of its subsidiary ArmRosgazprom, by acquiring the
remaining 20% of shares from Armenia.
In 2014-2018, Russia will supply gas to Armenia for about $189 per
1,000 cubic metres, Russian President Vladimir Putin said at a joint
press conference with Armenian President Serzh Sargsyan in Yerevan,
local press reported.
Russia will one-sidedly set up some privileges for Armenia before
Armenia joins the Customs Union, the Kremlin leader said. In
particular, Armenia can purchase armament from Russia at domestic
prices, Putin said. As for oil products, Russia will exempt 30%
export customs duty envisaged by the law, he added.
Russia is the biggest foreign investor in Armenia and its largest
trading partner. Bilateral trade grew 22% to $1.2 billion last year.
Most trade has been imports to Armenia.
Putin flew to the South Caucasus country for talks on its decision
in September to join Russia, Belarus and Kazakhstan in a Customs Union.
However, demonstrators in Yerevan marched to Sarksyan's administration
to hand over a letter urging the government to renounce its decision
to join the Customs Union. "We are going to strengthen our position
in the South Caucasus, drawing on the best of what we have inherited
from ancestors and good relations with all countries in the region,"
Putin told a Russian-Armenian regional forum. "Participation in the
Customs Union ... already is bringing Russia, Kazakhstan and Belarus
tangible dividends."
Overall, 12 bilateral agreements were signed during the presidential
visit. Also, the parties agreed to continue efforts to boost trade
and Russian investments in Armenia, create joint enterprises, promote
scientific and hi-tech co-operation. Putin said the extension of
the operation life of Armenian nuclear power plant is planned, with
Hrazdan thermal power plant operations already launched.
Putin said he was confident that Armenia's accession to the Eurasian
integration project "would seriously strengthen its economic potential,
improve the investment climate and promote direct business contacts,
including those between regions".
http://www.neurope.eu/article/russia-supply-armenia-gas-low-prices
New Europe, EU
Dec 9 2013
08.12.2013 - 21:01
On 2 December, Russian gas monopoly Gazprom said it would take over
full ownership of its subsidiary ArmRosgazprom, by acquiring the
remaining 20% of shares from Armenia.
In 2014-2018, Russia will supply gas to Armenia for about $189 per
1,000 cubic metres, Russian President Vladimir Putin said at a joint
press conference with Armenian President Serzh Sargsyan in Yerevan,
local press reported.
Russia will one-sidedly set up some privileges for Armenia before
Armenia joins the Customs Union, the Kremlin leader said. In
particular, Armenia can purchase armament from Russia at domestic
prices, Putin said. As for oil products, Russia will exempt 30%
export customs duty envisaged by the law, he added.
Russia is the biggest foreign investor in Armenia and its largest
trading partner. Bilateral trade grew 22% to $1.2 billion last year.
Most trade has been imports to Armenia.
Putin flew to the South Caucasus country for talks on its decision
in September to join Russia, Belarus and Kazakhstan in a Customs Union.
However, demonstrators in Yerevan marched to Sarksyan's administration
to hand over a letter urging the government to renounce its decision
to join the Customs Union. "We are going to strengthen our position
in the South Caucasus, drawing on the best of what we have inherited
from ancestors and good relations with all countries in the region,"
Putin told a Russian-Armenian regional forum. "Participation in the
Customs Union ... already is bringing Russia, Kazakhstan and Belarus
tangible dividends."
Overall, 12 bilateral agreements were signed during the presidential
visit. Also, the parties agreed to continue efforts to boost trade
and Russian investments in Armenia, create joint enterprises, promote
scientific and hi-tech co-operation. Putin said the extension of
the operation life of Armenian nuclear power plant is planned, with
Hrazdan thermal power plant operations already launched.
Putin said he was confident that Armenia's accession to the Eurasian
integration project "would seriously strengthen its economic potential,
improve the investment climate and promote direct business contacts,
including those between regions".
http://www.neurope.eu/article/russia-supply-armenia-gas-low-prices