Armenian government approves signing of protocol on Russia’s gas price for Armenia

Armenian government approves signing of protocol on Russia’s gas price for Armenia

YEREVAN, November 30. /ARKA/. The Armenian government upheld Thursday the signing of a protocol with Russia, which leaves Russia’s natural gas price for Armenia unchanged – at $150 per 1,000 cubic meters.  

On October 24, Russian Prime Minister Dmitry Medvedev, at a meeting with his Armenian counterpart Karen Karapetyan in Yerevan, said that Russia will keep its special gas price for Armenia unchanged in 2018 to contribute to improvement of economic and investment environment in the country.

Ashot Manukyan, presenting the draft decision at today’s regular cabinet meeting, said that the document gives the government’s approval to signing the protocol.   

Karen Karapetyan, on his side, stressed that all differentiated approaches on payment for gas supply to socially unsecured categories of consumers, processing enterprises, greenhouses and border villages remain.

By another decision, the government gave its approval to amendments to the Armenian-Russian agreement that sets rules for sale/purchase of shares and further activity of ArmRosgazpromCJSC (Gazprom Armenia), which increased the share of Russia’s Gazprom in the authorized capital of Armrosgazprom from 80% to 100%.

“The signing of the protocols will fuel mutually beneficial cooperation between the two countries and contribute to creation of favorable environment for development of economic relations and enhancement of business activity,” Manukyan said.

In early April 2016, Armenia and Russia signed an inter-government agreement, in accordance to which Russia decreased the wholesale price for the gas it exports to Armenia from $165 to $150 per 1,000 cubic meters.  

Gas price was expected to be increased in 2018, but negotiations in Yerevan resulted in a decision not to increase it and left at $150 per 1,000 cubic meters.  

Gazprom Armenia CJSC, established in December 1997, is a subsidiary of Russia’s Gazprom Energy Holding.

It imports, stores and distributes natural gas reconstructing and expanding gas supply infrastructures and underground gas depots. --0---


13:15 30.11.2017





 

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