Announcement

Collapse
No announcement yet.

Iran intending to raise gas prices for Armenia - PM

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Iran intending to raise gas prices for Armenia - PM

    Interfax, Russia
    dec 27 2013


    Iran intending to raise gas prices for Armenia - PM

    YEREVAN. Dec 27

    Iran is planning to raise gas prices for Armenia and review agreements
    on barter shipments of natural gas in exchange for electricity,
    Armenian Prime Minister Tigran Sargsyan told journalists on Friday.

    Sargsyan said this in response to the recent statement from Iran's
    ambassador to Armenia that Iran is prepared to hold talks with
    amicable countries, including Armenia, concerning the sale of gas for
    a market price that could be lower than the current one.

    "In contrast, experience from the last three years shows that Iran is
    aiming to reconsider the 'gas for electricity' agreements, and raise
    the price for gas," Sargsyan said. "This is probably a diplomatic
    misunderstanding."

    In this regard, he said, the latest agreements with Russia on leaving
    the price for gas unchanged until 2018 are very advantageous for
    Armenia. Currently Russia sells Armenia gas at the price of $189 per 1
    thousand cubic meters.

    In 2012, Armenia imported 488.3 million cubic meters of gas, up 6.2%
    from 2011, from Iran. Iran delivers natural gas to Armenia for CJSC
    Yerevan Thermal Power Plant in exchange for electricity at a ratio of
    1 cubic meter of gas per 3 kilowatt hours (kWh) of power. As per the
    agreement between the two countries, Iran can deliver up to 1.1
    billion cubic meters (bcm) of gas to Armenia a year (around 3 million
    cu m a day). Starting in 2014, it can send Armenia up to 2.3 bcm of
    gas a year.

    Armenia planned to export electricity surpluses to neighboring Georgia
    and Turkey, but this has not yet occurred. Armenia imported a total of
    2.456 bcm of natural gas in 2012, up 18.7%, including 1.967 bcm from
    Russia, up 22.3%.

    Kh pr eb of

Working...
X