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NEWS » Economy » Armenia trying to persuade Russia to leave its gas price for Armenia unchanged
Economy

Armenia trying to persuade Russia to leave its gas price for Armenia unchanged

18.11.2010, 16:59
Armenia is now negotiating with Russia in an effort to persuade the latter not to raise its gas price for Armenia, Armenian Energy and Natural Resources Minister Armen Movsisyan said Wednesday in the National Assembly.

YEREVAN, November 18. /ARKA/. Armenia is now negotiating with Russia in an effort to persuade the latter not to raise its gas price for Armenia, Armenian Energy and Natural Resources Minister Armen Movsisyan said Wednesday in the National Assembly.

“Negotiations began by the end of each year for setting gas prices for the next year,” he said answering the question about Russian Gazprom’s intention to raise exported gas prices to European levels. “This year we started negotiating as well. We presented our arguments.”

The minister found it too premature to predict the next year’s gas price. He said that it would be known after completion of the negotiations.

On 2008, Russian Gazprom and Armenian ArmRosgasporom signed a contract on gas supply to Armenia.

The contact implied gradual gas price rise that would culminate in European levels in 2011.

On April 1, 2010, prices for Russian gas in Armenia leapt 37%.

ArmRosgasprom CJSC enjoys the sole right for importing and distributing Russia gas in Armenia.

Russia conveys its gas to Armenia through Georgia.

The company was established in 1997.

Russian Gazprom holds 80% of the company’s shares, and the remaining 20% belong to Armenian government. -0---
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