Armenia suggests downward revision of Russian natural gas price
31.03.2020,
16:37
On behalf of the Armenian government, Deputy Prime Minister Mher Grigoryan sent a letter to Alexey Miller, the chairman of the Russian Gazprom, with a proposal to start new negotiations on revision of the price of natural gas supplied to Armenia, the Armenian government press service reported.
YEREVAN, March 31. /ARKA/. On behalf of the Armenian government, Deputy Prime Minister Mher Grigoryan sent a letter to Alexey Miller, the chairman of the Russian Gazprom, with a proposal to start new negotiations on revision of the price of natural gas supplied to Armenia, the Armenian government press service reported.
It said the letter, in particular, notes that there is no doubt that the consequences of the coronavirus crisis will have a negative impact on the socio-economic development of the two countries, which will lead to a decrease in energy consumption.
"We will certainly stimulate the growth of production and consumption, but to ensure the effectiveness of these measures it is necessary to ensure a competitive environment. We all understand that in this sense the price of natural gas in Armenia is of great importance," the letter says.
The letter also notes that the scale and level of friendly relations between the two countries allow and require them to raise and discuss issues of systemic importance in a timely manner, including the sustainable development of trade and economic cooperation between the countries.
“Considering forecasts and the current situation with energy resources in world markets, including the current situation with oil and natural gas prices, we consider it appropriate to start new negotiations on revision of the price of natural gas supplied to Armenia. In particular, we consider it timely to discuss the issue of reducing the price per thousand cubic meters of gas on the Armenian-Georgian border, as well as discuss the possibility of payment for gas in national currency, “Grigoryan’s letter says.
Although the Russian natural gas is delivered to Armenia by Gazprom at a $165 per one thousand cubic meters, Gazprom’s Armenian subsidiary – Gazprom Armenia – sells it to the bulk of Armenian households at almost $300. Gazprom Armenia also deals with the storage, distribution and sale of gas.
As of March 31, in Armenia 532 confirmed cases of coronavirus were recorded. 30 people recovered and three patients died. -0-
It said the letter, in particular, notes that there is no doubt that the consequences of the coronavirus crisis will have a negative impact on the socio-economic development of the two countries, which will lead to a decrease in energy consumption.
"We will certainly stimulate the growth of production and consumption, but to ensure the effectiveness of these measures it is necessary to ensure a competitive environment. We all understand that in this sense the price of natural gas in Armenia is of great importance," the letter says.
The letter also notes that the scale and level of friendly relations between the two countries allow and require them to raise and discuss issues of systemic importance in a timely manner, including the sustainable development of trade and economic cooperation between the countries.
“Considering forecasts and the current situation with energy resources in world markets, including the current situation with oil and natural gas prices, we consider it appropriate to start new negotiations on revision of the price of natural gas supplied to Armenia. In particular, we consider it timely to discuss the issue of reducing the price per thousand cubic meters of gas on the Armenian-Georgian border, as well as discuss the possibility of payment for gas in national currency, “Grigoryan’s letter says.
Although the Russian natural gas is delivered to Armenia by Gazprom at a $165 per one thousand cubic meters, Gazprom’s Armenian subsidiary – Gazprom Armenia – sells it to the bulk of Armenian households at almost $300. Gazprom Armenia also deals with the storage, distribution and sale of gas.
As of March 31, in Armenia 532 confirmed cases of coronavirus were recorded. 30 people recovered and three patients died. -0-
