Main outcome of gas agreements with Russia is ‘comfortable’ price for Armenia – deputy minister

Main outcome of gas agreements with Russia is ‘comfortable’ price for Armenia – deputy minister

YEREVAN, February 28. / ARKA /. The main objective of a package of gas agreements signed on  December 2, 2013 between  Armenia and Russia was to achieve a ‘comfortable’ price of natural gas for Armenia, a deputy minister of energy and natural resources Iosif Isayan  said today at a roundtable  discussion  on gas issue for Armenian economy, organized by the Eurasian Economic Club.

The gathering was attended by deputy CEO of Armenia’s national gas distributing company Gazprom- Armenia, representatives of the Eurasian Development Bank, Yerevan-based Russian diplomats, as well as experts and journalists.

During Russian president Putin’s visit to Armenia on December 2, several agreements were signed, including an agreement on elimination of export duties on gas, shipped to Armenia that brought down the price of one thousand cubic meters of gas to $189.

In 2006 April Russian Gazprom doubled the price of gas for Armenia from $54 to $110. In 2009 it raised the price further by 40 % to $154, in 2010 the price rose to $180 and a year later it surged further to $210. In 2013 Gazprom raised it to $240 and planned to up it again to $270. 

The deputy minister admitted that Armenia’s decision to join the Russia-led Customs Union was instrumental for Moscow to cut the price of gas to $189 as much as it costs in Russia’s Orenburg province. The cost of transportation of gas across Georgia to Armenia and within the latter is added to the  price. -0-

17:56 28.02.2014

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