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Armenian Energy Minister Says Price Of Russian Gas May Rise Or Stay

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  • Armenian Energy Minister Says Price Of Russian Gas May Rise Or Stay

    ARMENIAN ENERGY MINISTER SAYS PRICE OF RUSSIAN GAS MAY RISE OR STAY UNCHANGED

    YEREVAN, March 20. / ARKA /. Armenia's energy and natural resources
    minister Armen Movsisyan said today he could not say whether Russia
    would raise the price of natural gas shipped to Armenia across Georgia
    or not . "As a matter of fact, we rule out nothing- it may rise or
    remain unchanged," he said to journalists in parliament.

    According to him, the negotiations on the price of gas are now in the
    final phase, and once they are over, the public will be informed of
    their results.

    According to some speculations in Armenian media, natural gas price
    in Armenia may rise to $280 per 1,000 cubic meters from April 2013.

    Currently, Armenia buys gas for $180 per 1,000 cubic meters from
    Gazprom. The reports claimed that an agreement to that end would be
    signed after February 18 presidential election in Armenia.

    Armen Movsisyan said earlier that Armenia 'will be paying the best
    price of gas among other CIS countries.'

    Russian gas is imported and distributed by ArmRosGazprom. It was
    established in 1997. Russian Gazprom holds 80 percent in it, the rest
    is owned by Armenian government.-0-

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