YEREVAN, September 9. / ARKA /. A senior member of the ruling Republican Party of Armenia said today Russia may cut the price of natural gas it ships to Armenia after Yerevan’s formal accession to the Customs Union of Russia, Belarus and Kazakhstan.
On September 3, after talks with Russian president Putin Armenian president Serzh Sargsyan said his country will join the Customs Union and subsequently participate in the formation of the Eurasian Economic Union. Earlier it was planned that Yerevan would sign an association agreement and a deep and comprehensive free trade area agreement with EU.
Speaking to a news conference, Galust Sahakian, head of the ruling party’s parliamentary faction, said there was no agreement to that end yet.
"A lot will change when Armenia joins formally the Customs Union, and gas price is likely to change too,’ he said.
Earlier, Yevgeny Vinokurov from the Eurasian Development Bank told ARKA that after Armenia's accession to the Customs Union Russia may cut the price of gas for Armenia by 30%. The current price Armenia pays for gas shipments is $270 per one thousand cubic meters.
According to Vinokourov, Moscow may cut the price by about 30 % to $180. He also expects a decline in prices for a number of sensitive products, particularly rough diamonds.
The Russian gas is brought to Armenia and distributed by Russian-Armenian ArmRosGazprom (ARG) operator, in which 80 percent is held by Russian Gazprom and the rest by Armenian government. -0-