Interfax, Russia
Oct 12 2012

Gazprom in negotiations with Armenia for 2013 gas price

YEREVAN. Oct 12

A delegation from Russian gas giant OJSC Gazprom (RTS: GAZ) held
negotiations in Yerevan on Friday with Armenia’s Energy and Natural
Resources Ministry for the gas price for the country in 2013.

“The Intergovernmental Committee has reviewed the gas prices. The
Gazprom management and Armenia’s Ministry of Energy and Natural
Resources are present. We are moving energetically on this issue. I am
sure that, as usual, we will reach an agreement that suits everybody,”
Russia’s Minister of Transport and Co-Chairman of the Armenia-Russia
Intergovernmental Committee for Economic Partnership, Maxim Sokolov,
said at a briefing in Yerevan on Friday.

Armenia is still buying gas from Russia at $180 per 1,000 cubic
meters. Armenian media outlets earlier reported that Gazprom plans to
raise the gas price for the republic to $280 per 1,000 meters as of
October 1, 2012 and to $320 effective January 2013.

Gazprom supplied around 1.6 billion cubic meters to Armenian consumers in 2011.

From: Emil Lazarian | Ararat NewsPress