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THERE IS NO RISK IN GIVING 20% OF ARMENIA'S SHARES IN ARMRUSGASPROM TO GAZPROM: ARMEN MOVSISYAN
http://armenpress.am/eng/news/723353/there-is-no-risk-in-giving-20-of-armenia%E2%80%99s-shares-in-armrusgasprom-to-gazprom-armen-movsisyan.html
15:40, 20 June, 2013
YEREVAN, JUNE 20, ARMENPRESS: There is no risk in giving the
20% of the shares of the Government of the Republic of Armenia
in Armrusgasprom to the Gazprom. This was stated by the Minister
of Energy and Natural Resources of Armenia Armen Movsisyan at the
briefing with the journalists. He noted that otherwise this issue
would not been placed on the table of negotiations.
"If this deal is profitable for the Government and the nation of
Armenia, we will do it and if not, we won't do that", - said Armen
Movsisyan, adding that it is not compulsory, as reported by Armenpress.
The Minister of Energy and Natural Resources of Armenia stated as
well that if the 100% of the shares go to the Gazprom, it would not
change anything, as according to the Legislation of the Republic of
Armenia, the power supply functions in Armenia are considered to be
licensed functions.
"It does not matter who owns the 100% of the shares, as he should
act according to the license given by the Republic of Armenia and
in the field of the Public Services Regulatory Commission", - stated
Armen Movsisyan.
The Minister of Energy and Natural Resources of Armenia stated once
more that at this moment the negotiations are in the process and no
deal has been yet made. The discussions will be completed by the end
of the month.
The Russian side announced that during the negotiations Armen Movsisyan
and Alexey Miller discussed the pricing issues for the Russian gas for
the consumers of the Republic of Armenia, as well as the possibility
to make the Gazprom's shares in the Armrusgasprom 100%.
On March 31 2006 the Gazprom and the Government of the Republic
of Armenia signed a 25-year agreement on the participation of the
Gazprom in the gas and energy projects implementation, carried out
in the territory of the Republic. In accordance with the document, it
is intended to increase the share of the Gazprom in the Armrusgasprom
Company by issuing additional shares.
In the result of the issue of shares, the Gazprom's share in the
Armrusgasprom's share capital has been increased to 80%.
http://armenpress.am/eng/news/723353/there-is-no-risk-in-giving-20-of-armenia%E2%80%99s-shares-in-armrusgasprom-to-gazprom-armen-movsisyan.html
15:40, 20 June, 2013
YEREVAN, JUNE 20, ARMENPRESS: There is no risk in giving the
20% of the shares of the Government of the Republic of Armenia
in Armrusgasprom to the Gazprom. This was stated by the Minister
of Energy and Natural Resources of Armenia Armen Movsisyan at the
briefing with the journalists. He noted that otherwise this issue
would not been placed on the table of negotiations.
"If this deal is profitable for the Government and the nation of
Armenia, we will do it and if not, we won't do that", - said Armen
Movsisyan, adding that it is not compulsory, as reported by Armenpress.
The Minister of Energy and Natural Resources of Armenia stated as
well that if the 100% of the shares go to the Gazprom, it would not
change anything, as according to the Legislation of the Republic of
Armenia, the power supply functions in Armenia are considered to be
licensed functions.
"It does not matter who owns the 100% of the shares, as he should
act according to the license given by the Republic of Armenia and
in the field of the Public Services Regulatory Commission", - stated
Armen Movsisyan.
The Minister of Energy and Natural Resources of Armenia stated once
more that at this moment the negotiations are in the process and no
deal has been yet made. The discussions will be completed by the end
of the month.
The Russian side announced that during the negotiations Armen Movsisyan
and Alexey Miller discussed the pricing issues for the Russian gas for
the consumers of the Republic of Armenia, as well as the possibility
to make the Gazprom's shares in the Armrusgasprom 100%.
On March 31 2006 the Gazprom and the Government of the Republic
of Armenia signed a 25-year agreement on the participation of the
Gazprom in the gas and energy projects implementation, carried out
in the territory of the Republic. In accordance with the document, it
is intended to increase the share of the Gazprom in the Armrusgasprom
Company by issuing additional shares.
In the result of the issue of shares, the Gazprom's share in the
Armrusgasprom's share capital has been increased to 80%.