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Minister says new gas agreement not to affect gas price for Armenia

18.05.2011, 21:12
Armenia’s energy and natural resources minister Armen Movsisyan said today a new agreement on delivery of Russian natural gas to Armenia that Armenia and Russia will sign will not affect the current prices.
YEREVAN, May 18. / ARKA /. Armenia’s energy and natural resources minister Armen Movsisyan said today a new agreement on delivery of Russian natural gas to Armenia that Armenia and Russia will sign will not affect the current prices.

Armenian and Russian presidents Serzh Sargsyan and Dmitry Medvedev agreed in late February that the price of natural gas for Armenian consumers will not rise this year.

‘We sign agreement with Gazprom every year, but regardless of when this year’s contract is signed the price of gas for Armenian consumers will not change,’ Movsisyan said.

Russian Gazprom that holds more than 80% in Armenia's national gas operator ArmRosGazprom, raised the cost of gas for Armenia by 14 percent in 2009 and by another 17 percent in 2010 April to $180 per thousand cubic meters.

Following it the Armenian Pubic Services Regulatory Commission (PSRC) approved a 37.5 percent surge in the gas price for households requested by ArmRosGazprom. Last September Gazprom said it would gradually bring its gas tariffs for Armenia, Moldova and Belarus up to "market-based" international levels in the coming years. Gazprom currently sells gas to western and central European countries for over $300 per thousand cubic meters. -0-