Gazprom increases its share in Armenia’s national gas distribution network to 100 percent

Gazprom increases its share in Armenia’s national gas distribution network to 100 percent

YEREVAN, December 3. / ARKA /. Under an agreement signed Monday in Yerevan by Armenia and Russia, the Armenian government has ceded its remaining 20 percent share in ArmRosGazprom (ARG) national gas distribution company to Russia’s Gazprom monopoly. 

The deal was announced during Russian president Vladimir Putin’s visit to Armenia. Before the deal was signed  Gazporm held 80 percent share in the distributing company.

Gazprom will also cut the price of Russian gas for Armenia to 189 dollars per thousand cubic meters as part of another agreement on canceling 30 percent customs duties on the Russian gas shipped to Armenia. Currently Armenia pays $270 per one thousand cubic meters including customs dues.

Under another contract signed by Gazprom Export and ArmRosGazprom , the Russian monopoly will be delivering 2.5 billion cubic meters of gas to Armenia across Georgia until 2018  In 2012 Gazporm shipped 1.7 billion cubic meters of gas to Armenia.

Earlier Armenia’s energy and natural resources minister Armen Movsisian said that a gas deal with Gazprom would  be part of Armenia’s “roadmap” to  join the Russia-led Customs Union. The roadmap is likely to be approved in December, according to an Armenian diplomat.  -0

15:34 03.12.2013

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