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Russia Ready To Abolish Customs Duty On Export Of Gas To Armenia

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  • Russia Ready To Abolish Customs Duty On Export Of Gas To Armenia

    RUSSIA READY TO ABOLISH CUSTOMS DUTY ON EXPORT OF GAS TO ARMENIA

    YEREVAN, October 8. / ARKA /. Russia is ready to eliminate a 30 percent
    customs duty on export of natural gas to Armenia, energy and natural
    resources minister Armen Movsisyan said today.

    Currently Armenia pays $270 for one thousand cubic meters of Russian
    gas that arrives in the country across Georgia. Of that amount $189
    dollars is the price of gas, and the rest is the 30% customs duty.

    "We have done quite a lot of work with the Russian side. After
    September 3 announcement that Armenia is ready to join the Russia-led
    Customs Union, the gas delivery contract between the two governments
    will be revised and simplified. This means the Russian side will not
    apply customs duty on gas exports to Armenia. We hope that a revised
    contract will be signed before the end of this year," said Movsisyan .

    According to the minister, the price of gas for Armenia will be the
    same as in Russia plus transportation costs.

    However, Movsisyan said this will not affect the price for domestic
    consumers that will remain unchanged. "Our calculations show that the
    revised contract will not entail a price rise or price drop,' he added.

    Russian gas is delivered to Armenia by joint Russian-Armenian
    ArmRosGazprom (ARG). It was established in 1997. Russian Gazprom holds
    80 percent in it, the rest is owned by Armenian government. -0- -0-

    - See more at:
    http://arka.am/en/news/economy/russia_ready_to_abolish_customs_duty_on_export_of_ gas_to_armenia/#sthash.3KjNI2aV.dpuf

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