Russian Gas Price Increase for Armenia Unlikely – Galstyan
16.06.2026,
16:57
The Central Bank of Armenia considers a price increase for Russian gas supplied to the republic to be extremely unlikely, stated Central Bank Chairman Martin Galstyan.
YEREVAN, June 16. /ARKA/. The Central Bank of Armenia considers a price increase for Russian gas supplied to the republic to be extremely unlikely, stated Central Bank Chairman Martin Galstyan.
"The likelihood of scenarios involving a price increase for Russian gas for Armenia and other similar risks is extremely low," Galstyan said at a press conference on Tuesday.
According to him, if such a scenario does materialize, it will lead to higher prices, impact production processes, and cause secondary economic effects.
The Central Bank Governor noted that the regulator does not have the tools to preemptively respond to a possible gas price increase.
"It is impossible to take any preventive measures in response to such a decision. If relevant changes are made, steps will be taken post-factum, after assessing their impact on the economy," Galstyan explained.
He added that the Central Bank will monitor the situation and, if necessary, assess the impact on inflation and the macroeconomic environment.
Gazprom-Armenia CJSC is a wholly-owned subsidiary of the Russian holding company Gazprom and the monopoly supplier of natural gas from Russia to Armenia for domestic consumption.
Currently, the price of Russian gas for Armenia at the border is $165 per 1,000 cubic meters. This price has been in effect since January 1, 2019, and, according to current Armenian-Russian agreements, is not expected to change until the end of 2031.
"The likelihood of scenarios involving a price increase for Russian gas for Armenia and other similar risks is extremely low," Galstyan said at a press conference on Tuesday.
According to him, if such a scenario does materialize, it will lead to higher prices, impact production processes, and cause secondary economic effects.
The Central Bank Governor noted that the regulator does not have the tools to preemptively respond to a possible gas price increase.
"It is impossible to take any preventive measures in response to such a decision. If relevant changes are made, steps will be taken post-factum, after assessing their impact on the economy," Galstyan explained.
He added that the Central Bank will monitor the situation and, if necessary, assess the impact on inflation and the macroeconomic environment.
Gazprom-Armenia CJSC is a wholly-owned subsidiary of the Russian holding company Gazprom and the monopoly supplier of natural gas from Russia to Armenia for domestic consumption.
Currently, the price of Russian gas for Armenia at the border is $165 per 1,000 cubic meters. This price has been in effect since January 1, 2019, and, according to current Armenian-Russian agreements, is not expected to change until the end of 2031.
