YEREVAN, December 20. /ARKA/. Armenian lawmakers started discussing the agreement Armenia has signed with Russia on December 2 to sell 20% of joint ArmRosgazprom company’s shares to Russia’s Gazprom.
Answering legislators’ questions, Armenian Energy and Natural Resources Minister stressed that the document absolutely doesn’t restrict Armenia’s right to buy natural gas from any other country at a lower price.
He also said that after becoming the sole owner of the company, Gazprom will have no right to sell shares to another party without the Armenian government’s consent.
Asked what Armenia can do if the Russian monopolist decides to sell shares to Turkey or Azerbaijan the minister said: “Even if the Armenian government agrees to this, Gazprom may sell no more than 49 percent of shares and only to an allied company.”
Under this agreement Armenia’s energy ministry sells 20.0007% of ArmRosgazprom to Russia’s Gazprom. It means that Gazprom becomes the sole owner of the company.
Gazprom is committed to convey as much natural gas to Armenia as needed to cater for gas consumers’ demand in the country against timely and accurate payment for gas consumption by economic entities.
Armenia’s government, on its side, is committed not to convey Russian natural gas abroad and to ensure timely payment. --0---