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Will Russia Subsidy Gas Price?

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  • Will Russia Subsidy Gas Price?

    Will Russia Subsidy Gas Price?

    After PSRC meeting, in answer to reporters' questions, PSRC head
    Robert Nazaryan and ARG general director Vardan Harutiunyan made
    interesting statements.

    Robert Nazaryan unveiled the source of measures to be used for
    subsidization. He said that he is not a party to negotiations, but he
    knows that it won't be on account of Armenian budget means.

    ARG general director said that he knows the details of the
    negotiations, but he can't say anything in this relation until the end
    of the talks, though he confirmed that the subsidization won't be on
    account of the Armenian state budget.

    The PSRC head said that Russia will also subsidy the gas price by 30%
    which means we can consider the gas price is 189 USD at the border,
    instead of previous 180.

    So Russia is found out to raise the price and subsidy it.

    Though strange it may seem, but this is not the first case in
    Armenia-Russia relations. In 2006 when the gas price was increased
    from 55 to 110 USD, Armenia sold the Hrazdan Power station to Russia
    at 250 million USD and directed the 188 million USD from this sum to
    the subsidization of the gas price. So Armenia sold one of the most
    important energy structures of the country to Russia at only 62
    million USD.

    Most likely we will learn about the `price' of the subsidization after
    usual Armenian-Russian secret negotiations.

    Nelli Danielyan, Pastinfo
    16:38 07/06/2013
    Story from Lragir.am News:
    http://www.lragir.am/index/eng/0/politics/view/30083

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