YEREVAN, October 8. / ARKA /. Russia is ready to eliminate a 30 percent customs duty on export of natural gas to Armenia, energy and natural resources minister Armen Movsisyan said today.
Currently Armenia pays $270 for one thousand cubic meters of Russian gas that arrives in the country across Georgia. Of that amount $189 dollars is the price of gas, and the rest is the 30% customs duty.
"We have done quite a lot of work with the Russian side. After September 3 announcement that Armenia is ready to join the Russia-led Customs Union, the gas delivery contract between the two governments will be revised and simplified. This means the Russian side will not apply customs duty on gas exports to Armenia. We hope that a revised contract will be signed before the end of this year," said Movsisyan .
According to the minister, the price of gas for Armenia will be the same as in Russia plus transportation costs.
However, Movsisyan said this will not affect the price for domestic consumers that will remain unchanged. "Our calculations show that the revised contract will not entail a price rise or price drop,’ he added.
Russian gas is delivered to Armenia by joint Russian-Armenian ArmRosGazprom (ARG). It was established in 1997. Russian Gazprom holds 80 percent in it, the rest is owned by Armenian government. -0- -0-