Government releases 117.5 million drams as subsidy for natural gas price for socially unsecured families

Government releases 117.5 million drams as subsidy for natural gas price for socially unsecured families

YEREVAN, April 17, /ARKA/. The Armenian government has decided today to pay 117.5 million drams to Gazporm Armenia national gas distribution company as a subsidy for natural gas price consumed by socially unsecured families in the second quarter of 2013. From April 1, 2011 about 60 thousand poor families consuming less than 300 cubic meters of gas per month have paid the preferential price of 100 drams for each cubic meter. Other households pay 156 drams. Gazprom Armenia (previously ArmRosGazprom), established in 1997, enjoys the sole right for importing and distributing Russian natural gas in Armenia. Russia conveys its gas to Armenia through Georgia. Russia’s Gazprom completed the purchase of a 20 percent stake in ArmRosGazporm held by the Armenian government earlier this year becoming the full owner of the utility. The deal, signed on January 17 in Yerevan was completed on January 21. This 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. 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-

15:04 17.04.2014

Comments (0)




 

« October 2014

Mon
Tue
Wed
Thu
Fri
Sat
Sun
 
 
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
 
 
Username:
Password:

Registration
If you are new on the site, please fill out the registration form.

Enter the website you can use your account on any of the following services.

×