Prime-Tass English-language Business Newswire, Russia
October 12, 2012 Friday 4:50 PM EET
Official: Moscow, Yerevan to succeed in revising prices for Russian gas
MOSCOW Oct 12
Moscow and Yerevan will succeed in agreeing on a pricing formula for
Russian gas imported to Armenia, Russia’s Transport Minister Maxim
Sokolov said Friday.
“We are rapidly progressing in this issue, I am sure that we’ll reach
an agreement that makes everyone happy,” Sokolov said following a
Russian-Armenian intergovernmental meeting, adding that the talks on
pricing remain ongoing.
Robert Nazaryan, chairman of the Public Services Regulatory Commission
(PSRC), said earlier on Friday that Russian gas prices for Armenia
would be revised.
In June, the media reported that Russia would raise the gas price for
Armenia to U.S. $280 per 1,000 cubic meters starting from October 1
and to $320 starting from January 1.
However, Armenia’s Energy and Natural Resources Minister Armen
Movsinyan said that the gas price for Armenia remains unchanged at
U.S. $180 per 1,000 cubic meters. According data posted on the
official Web site of Armenia’s customs service, in January-June,
Russia imported gas at $220 per 1,000 cubic meters.
TRADE
Sokolov also said the trade turnover between Russia and Armenia is
expected at over U.S. $1 billion in 2012.
“The economic and trade relations between Armenia and Russia are
developing very rapidly. In 2011, the trade turnover amounted to $1
billion. The statistics of this year, within the first eight months,
have exceeded $800 million. We will top $1 billion by the end of the
year,” Sokolov said.
As for the inflow of Russian investments into the economy of Armenia,
they have reached $3 billion in the last 20 years, including $2.5
billion of direct investments.
“What is important is that these investments are mostly direct –
allocated for enterprises, for the development of material and
technology, and for business. As for the volume decrease within the
dynamics of this year, it is too early to make conclusions. We will
wait till the end of the year,” he said.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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