Republican Party of Armenia to set up ad hoc commission for considering gas-related issues if public demands that

Republican Party of Armenia to set up ad hoc commission for considering gas-related issues if public demands that

YEREVAN, February 7. /ARKA/. Republican Party of Armenia will agree to set up an ad hoc commission for considering issues related to natural gas if Armenian public demands that, Galust Sahakyan, head of the party's faction in the National Assembly, said today adding that there is no public demand so far. 

Yesterday, National Assembly Speaker Hovik Abrahamyan said that an ad hoc commission will be set up in the Parliament for considering gas supply problem and called on all political parties to take part in these discussions. 

A proposal by the main opposition parties to set up such commission was rejected by the parliamentary majority on February 4. 

The gas agreement and some other energy agreements were first signed during Russian President Vladimir Putin’s December 2 visit to Yerevan. One of them also set the price of Russian natural gas for Armenia at almost $190 million per one thousand cubic meters.

Earlier energy and natural resources minister Armen Movsisyan said the  Armenian government sold its minority share (20 percent stake) in ARG to pay half of  a $300 million debt to Gazprom, which was  incurred as a result of  subsidizing the Russian gas price from 2011-2013. The other half of the debt was said to have been written off by the Russian company.  Gazprom was also granted 30-year exclusive rights in the Armenian energy market.

Armenia does not have natural gas or oil gas reserves and its energy sector depends entirely on imported fuel. In 2013 Gazprom delivered 1.96 billion cubic meters of gas to Armenia.

Under another Armenian-Russian contract the Russian monopoly will be delivering 2.5 billion cubic meters of gas to Armenia across Georgia until 2018.  ---0---

16:22 07.02.2014

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