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Armenia's Finance Minister: On Armenian Border Russian Gas Costs $18

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  • Armenia's Finance Minister: On Armenian Border Russian Gas Costs $18

    ARMENIA'S FINANCE MINISTER: ON ARMENIAN BORDER RUSSIAN GAS COSTS $186 PER 1,000 C M

    by Alexandr Avanesov

    ARMINFO
    Wednesday, November 13, 21:02

    There is no energy crisis in Armenia and there are all preconditions
    for no such crisis in the coming years, Armenia's Finance Minister
    David Sargsyan said in the Parliament on Wednesday.

    He said that the July rise in the gas price has had no impact on the
    economy's growth. "According to IMF experts, it was no more than 1%.

    On the Armenian border Russian gas costs $186 per 1,000 c m. So, all
    of our budgetary calculations are based on this figure," Sargsyan said.

    On Nov 4 Armenian Energy and Natural Resources Minister Armen Movsisyan
    said that as soon as Armenia joins the Customs Union, Russia will stop
    charging a 30% excise tax from its gas exports to the country. "This
    will be a big stimulus for our energy sector," the Minister said.

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