Russia and Armenia agree gas price deal

Steel Guru, India
Aug 10 2012

Russia and Armenia agree gas price deal

RIA Novosti quoted Mr Serzh Sargsyan Armenian President said Russia
and Armenia have agreed on prices for natural gas supplies to Yerevan.

He said that “I think we have come to an agreement about pricing for
gas supplies. The price should be based on actual market price of gas
taking into account regional tariffs for the Armenian economy to
maintain its efficient position.”

Armenian media reported in early July that Russian gas giant Gazprom
would raise prices for gas supplies to Armenia from the current USD
180 per 1,000 cubic meters to USD 280 from October 2012 and to USD 320
from 2013. Armenian Energy and Natural Resources Minister Mr Armen
Movsisyan subsequently denied there would be gas price increases.

Gazprom exports its natural gas to Armenia through Georgia through its
subsidiary ArmRosgazprom.

You may also like