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ARMENIA'S NEXT YEAR BUDGET DOES EARMARK MONEY TO SUBSIDIZE GAS PRICE HIKE - MINISTER
YEREVAN, November 4. / ARKA /. Armenia's energy and natural resources
minister Armen Movsisyan said today next year's draft budget does
not earmark funds for a 30 percent subsidy of the increased price
of natural gas, 'since the issue was solved in cooperation with the
Russian side after intense talks.'
The current price of Russian gas for Armenia is $189 per 1000 cubic
meters plus 30% customs duty, which makes it $270. Earlier the
minister had said the Russian side was ready to eliminate the 30
percent customs duty on gas shipped to Armenia.
He said after Armenia's decision to join the Russia-led Customs Union,
the gas price issue will be resolved in a new way. He said a new gas
delivery contract will be signed before the end of this year.
On July 7 Armenia's Public Services Regulatory Commission (PSRC)
raised the prices of gas and electricity by 18 percent and 27 percent
respectively, citing a surge in the price of gas imported from Russia.
The price hikes would have been even sharper had the government not
pledged to subsidy the gas tariff for households by 30 percent.
Households will pay 156,000 drams per one thousand cubic meters,
up from 132,000 drams.
ArmRosGazprom, established in 1997, enjoys the sole right for importing
and distributing Russian natural gas in Armenia. Russia conveys its
gas to Armenia through Georgia. The company's shareholders are Russia's
Gazprom (80 percent) and the Armenian government (20 percent). -0-
- See more at:
http://arka.am/en/news/economy/armenia_s_next_year_budget_does_earmark_money_to_s ubsidize_gas_price_hike_minister/#sthash.xLV3DGUf.dpuf
YEREVAN, November 4. / ARKA /. Armenia's energy and natural resources
minister Armen Movsisyan said today next year's draft budget does
not earmark funds for a 30 percent subsidy of the increased price
of natural gas, 'since the issue was solved in cooperation with the
Russian side after intense talks.'
The current price of Russian gas for Armenia is $189 per 1000 cubic
meters plus 30% customs duty, which makes it $270. Earlier the
minister had said the Russian side was ready to eliminate the 30
percent customs duty on gas shipped to Armenia.
He said after Armenia's decision to join the Russia-led Customs Union,
the gas price issue will be resolved in a new way. He said a new gas
delivery contract will be signed before the end of this year.
On July 7 Armenia's Public Services Regulatory Commission (PSRC)
raised the prices of gas and electricity by 18 percent and 27 percent
respectively, citing a surge in the price of gas imported from Russia.
The price hikes would have been even sharper had the government not
pledged to subsidy the gas tariff for households by 30 percent.
Households will pay 156,000 drams per one thousand cubic meters,
up from 132,000 drams.
ArmRosGazprom, established in 1997, enjoys the sole right for importing
and distributing Russian natural gas in Armenia. Russia conveys its
gas to Armenia through Georgia. The company's shareholders are Russia's
Gazprom (80 percent) and the Armenian government (20 percent). -0-
- See more at:
http://arka.am/en/news/economy/armenia_s_next_year_budget_does_earmark_money_to_s ubsidize_gas_price_hike_minister/#sthash.xLV3DGUf.dpuf