Russia and Armenia to agree on gas prices- Russia’s transport minister

YEREVAN, October 12. /ARKA/. Russia’s Minister of Transport Maxim Sokolov believes that Russia and Armenia will agree on mutually beneficial natural gas prices, according to Novosti-Armenia agency.

Earlier, Armenia’s Public Services Regulatory Commission head Robert Nazaryan said that gas prices in Armenia will be reviewed. 

“We are dynamically going forward in this issue, and I believe we will reach agreements mutually beneficial for all sides, as usual,” Sokolov said following the Armenian-Russian intergovernmental meeting on Friday Minister noted that the issue was discussed at the meeting, and “talks are ongoing.”

“Gazprom administration and Ministry of Energy and Natural Resources of Armenia are also here,” he added presenting the details of talks. 

During a meeting with Russian counterpart Vladimir Putin in Moscow on August 8 Armenian president Serzh Sargsyan said they reached a “mutual understanding” on the new price of Russian gas for Armenia. He said it should mirror “the real market price of gas” and at the same time help to “preserve the effectiveness of Armenia’s economy.” 

Media reports in Armenia in early July said Russia may raise the price of gas supplied to Armenia across Georgia to $280 per one thousand cubic meters from this October 1 and further to $320 from next January.

Armenia currently pays $180 per one thousand cubic meters.

ArmRosgazprom was created in December 1997. Currently, Russian Gazporm owns more than 80% of it, the rest belongs to Armenian government.-0-