ARMENIA TO RECEIVE RUSSIAN GRANT TO SUBSIDIZE GAS PRICE – ARMENIA ENERGY MINISTRY
Interfax, Russia
August 29, 2013 Thursday 6:55 PM MSK
YEREVAN. Aug 29
Armenia will receive a grant from Russia to subsidize the price of
natural gas, Energy and Natural Resources Minister Armen Movsisyan
told journalists on Thursday.
“Talks on receipt of a grant to subsidize the price of gas have been
completed. We will announce the results of the talks in the near
future. I can say with confidence that Armenia will receive funds
for the subsidies from Russia,” Movsisyan said.
He declined to specify when the talks were completed and how much
Russia would provide.
Experts speculated that the grant would amount to $140 million. That
would reduce the price at the border to $189 per 1,000 cubic meters
from the $270 demanded by Gazprom (RTS: GAZP).
The price that households in Armenia pay for natural gas and
electricity rose 18.2% and 26.7% respectively effective July 7, 2013.
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