SteelGuru, India
Oct 28 2012

Armenian Energy Ministry denies sales of share in ArmRosGazprom to Russia

Mr Armen Movsisyan energy minister of Armenia denied information of a
member of the Armenian National Congress Levon Zurabyan about sales of
20% of shares in ArmRosGazprom to Russia.

Zurabyan said that Russian gas was being purchased at USD 240 per 1000
cubic meters and sold at USD 180 at the domestic market. About sales
of the 20% share for USD 156 million to cover the price gap before
April 1st 2013.

Talks on gas prices have not ended yet. The public will be informed
about the end of negotiations.