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Russia To Lift 30% Customs Duty For Gas Supplies To Armenia

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  • Russia To Lift 30% Customs Duty For Gas Supplies To Armenia

    RUSSIA TO LIFT 30% CUSTOMS DUTY FOR GAS SUPPLIES TO ARMENIA

    October 9, 2013 - 14:06 AMT

    PanARMENIAN.Net - Minister of Energy and Natural Resources Armen
    Movsisyan dispelled the public's doubts over the deal on Russian gas
    price hike for Armenia.

    The stir rose following Prime Minister Tigran Sargsyan's statement
    that no price increase agreement actually exists.

    Earlier, the Armenian National Congress (ANC) opposition party's
    parliamentary group secretary Aram Manukyan expressed discontent over
    inability to procure the text of the gas agreement.

    As Movsisyan noted, commenting on the above, Manukyan was given the
    copy of the agreement, as instructed by Prime Minister, ARKA reported.

    Also, Russia is ready to lift a 30 percent customs duty on export of
    natural gas to Armenia, Movsisyan said.

    Currently Armenia pays $270 for one thousand cubic meters of Russian
    gas supplied to 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 the
    September 3 announcement on Armenia's joining 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," Movsisyan said.

    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 local
    consumers. "Our calculations show that the revised contract will not
    entail a price rise or price drop," he added.

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