Armenia Hopes To Sign 3-Year Gas Price Deal With Russia In September


Interfax News Service
July 30 2008

Armenia and Russia will sign a natural gas price agreement for the
next three years in September 2008, Armenian Energy and Natural
Resources Minister Armen Movsisian told journalists on Wednesday.

So far the parties are in talks and the price has not been finally
set, he said. According to an agreement with Gazprom, Armenia will
be receiving gas at a price of $110 per 1,000 cubic meters until
December 31, 2008, the minister recalled.

Gazprom (RTS: GAZP) suggests raising the price up to $165 per 1,000
cubic meters in 2009.

The Russian gas giant stated earlier that the gas price for Armenia
will be increased gradually, and the switch to the European price
will be completed, as in Russia, in 2011.

Armenia does not have its own natural gas production, the country’s
energy sector is fully dependent on gas imports. Gazprom is the only
gas supplier to this country. Gas is being delivered by Gazpromexport
(100%-owned by Gazprom) to the Armenian border; at the border gas is
purchased by Armrosgazprom (in which Gazprom owns 72.16%). In 2007,
Russia supplied 2.05 billion cubic meters of natural gas to Armenia.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS