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Newspaper: Russia To Reduce Gas Price For Armenia

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  • Newspaper: Russia To Reduce Gas Price For Armenia

    NEWSPAPER: RUSSIA TO REDUCE GAS PRICE FOR ARMENIA

    by Alexandr Avanesov

    Friday, March 13, 12:39

    The Armenian authorities and the management of Gazprom (Russia) have
    come to an agreement to reduce the gas price on the Armenian border
    from 189 to 165 USD, Zhamanak (Time) newspaper says, citing its own
    sources close to the Armenian Government.

    "The Armenian dram depreciation against US dollar might raise the
    gas tariff for the population, but this step will prevent it", the
    newspaper says. It adds that the issue of possible rise in electric
    power tariffs remains topical in the light of the serious financial
    problems faced by Electric Networks of Armenia.

    The document signed on December 2, 2013 by the governments of Armenia
    and Russia on duty-free supplies of petroleum products, natural gas
    and natural uncut diamonds to Armenia became a 'curtain-raiser' to the
    country's accession to the Customs Union, which reduced the contract
    price for the natural gas from $270 to $189 per 1,000 cu m. In this
    light, the pricing procedures for the gas supply of Armenia are
    based on the current price - $189 per 1,000 cu m. The expenses on
    transportation of gas up to the border of Georgia and Armenia are
    added to it.

    Gazprom Armenia CJSC (former ArmRusgasprom cjsc) is engaged in
    organization of natural gas supplies from Russia to Armenia. The
    company was founded in 1997. In addition, the company is transporting,
    storing, distributing and selling natural gas, reconstructing and
    expanding the gas transportation system and underground gas storage
    facilities in Armenia.

    http://www.arminfo.am/index.cfm?objectid=E4F01790-C964-11E4-AD930EB7C0D21663

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