Armenian parliament votes down proposal of special consideration of ArmRosgazprom deal

Armenian parliament votes down proposal of special consideration of ArmRosgazprom deal

YEREVAN, February 5. /ARKA/. Armenian National Assembly voted down today non-ruling parties' proposal to set up an ad hoc commission for discussing the sale of ArmRosgazprom's shares to Russia – 44 MPs voted for and 58 against the proposal, and three lawmakers abstained.  

The proposal was put forward by four parliamentary factions – Prosperous Armenia, Armenian Revolutionary Federation/ Dashnaktsutiun, Armenian National Congress and Heritage. 

On January 16, 2014, Armen Movsisyan, Armenian energy and natural resources minister signed an agreement with Alexey Miller, chairman of Gazprom’s board, to sell 20% of ArmRosgazprom’s shares to Gazprom.

The shares will be sold for $156 million as repayment of a $300-million debt accumulated over a period between 2011 and 2013 as a result of the arrangement with Russia to pay a former price for natural gas, $180 per 1,000 cubic meters, instead of the increased price. 

The sale means that one half of the debt is paid by Armenia, while the other half is written off by the Russian side. 

Earlier, Galust Sahakyan, head of the ruling Republican Party of Armenia, said that the opposition's proposal to set up an ad hoc commission was not acceptable. In his opinion, opposition parties' conduct is a subversive action, not a political step. 

ArmRosgazprom CJSC, established in 1997, enjoys the sole right for importing and distributing Russian natural gas in Armenia.  -0---

17:26 05.02.2014

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