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Iran offers gas at higher price than Russia, deputy minister says
Iran offers Armenia natural gas at a higher price than Russia, deputy minister of energy infrastructures and natural resources Hayk Harutyunyan said today. YEREVAN, March 4. /ARKA/. Iran offers Armenia natural gas at a higher price than Russia, deputy minister of energy infrastructures and natural ...
04/04/2018Gazeta about gas war between Armenia and Gazprom
Armenia doesn’t want to pay for Russian natural gas as much as Gazprom offers and has already started hurling fines at the Russian subsidiary, Gazeta.ru reports. Experts are warning that the price is unlikely to be downed. In their opinion, it is extremely low now. According ... ....” For example, Georgia purchases Azerbaijan’s gas at $200-2015, Turkey at $290, Iran sells its gas to Turkey at $300-400. On the other side, gas prices always have...
07/02/2019Simonov: lower gas price for Armenia is possible
... may discuss this story hypothetically, though there are many stipulations connecting with future relations between Russia and Iran, since there were numerous plans yet before the lifting of these sanctions. If we speak about connection of Russia with Iran through Armenia, I may say this can be discussed. - Do you find decrease of Russia's gas price for Armenia likely? - This is a good question. It is really very interesting, since it is not a secret that prices for Belarus and Armenia have traditionally been lower than for other Gazprom's consumers. When prices were low [compared with prices ...
02/29/2016Russian natural gas is cheaper than Iranian, Armenian minister says
... $150 per thousand cubic meters. In addition, Armenia’s national gas distributor Gazprom Armenia invests $27-28 million in the modernization of the network. Grigoryan said, negotiations on tariff reduction for Armenian users continue both with the Russian and Iranian sides. Asked why the price of gas almost doubles when it reaches Armenian households, Grigoryan said this is a question that should be addressed to the Public Services Regulatory Commission. According to the Ministry of Energy and Natural Resources, in 2017 deliveries of Russian natural ...
05/25/2018Iranian gas more expensive than Russian: Armenian premier
Iranian gas is more expensive than the Russian one, Armenian premier Tigran Sargsyan ssaid in responding the question why Armenians do not buy gas from Iran after the price for Russian gas was raised. YEREVAN, May 29. /ARKA/. Iranian gas is more expensive than the Russian one, Armenian premier Tigran Sargsyan ssaid in responding the question why Armenians do not buy gas from Iran after the price for Russian gas was raised. “If ...
05/29/2013Armenia may organize transit of Iranian gas to Georgia through its territory
... Armenia currently receives gas from Iran only as part of the so-called gas for electricity deal. According to the Armenian ministry, in 2017, the volume of gas imports from Russia increased by 7% to 1 billion 996 million cubic meters, while imports form Iran grew by 2.9% to 382.7 million cubic meters. The total gas consumption in Armenia in 2017 increased by 5.3%. In early April 2016, Russia cut the price of natural gas for Armenia (at the border) from $165 to $150 per thousand cubic meters. It 2018 the gas prices for Armenia was to be raised. However, following the Armenian-Russian talks in Yerevan, Russian Gazprom decided not to increase the gas ...
03/21/2018Iran has not offered Armenia natural gas at lower-than-Russian price
Iran has not offered natural gas at a lower-than-Russian price to Armenia, Hayk Harutyunyan, Armenian deputy minister of energy infrastructures and natural resources, said on Tuesday. YEREVAN, February 13. /ARKA/. Iran has not offered natural gas at a lower-than-Russian price to Armenia, Hayk Harutyunyan,...
02/13/2018Armenia must buy natural gas from Iran, former PM says
... Armenian prime minister Hrant Bagratyan, now an MP from the opposition Armenian National Congress (ANC), said today. "The world price of gas, depending on its calorie value, is now about $85 per thousand cubic meters. If Armenia starts buying gas from Iran, Russia will have to reduce its gas price too. Business and friendship do not mix,' Bagratyan said. In mid-January the Armenian government has asked authorities in Russia to lower the price of Russian natural gas delivered to Armenia. Russia’s Gazprom that supplies about 80 percent of ...
02/09/2016Purchase of Iranian natural gas at lower-than-Russian price absolutely unlikely - Armenian minister
Armenian Energy and Natural Resources Minister Yervand Zakharyan, speaking Wednesday at a Q&A session in the National Assembly, ruled out any probability of purchase of Iranian natural gas at a lower-than-Russian price. YEREVAN, May 20. /ARKA/. Armenian Energy and Natural Resources Minister Yervand Zakharyan, speaking Wednesday at a Q&A session in the National Assembly, ruled out any probability of purchase of Iranian natural gas at a lower-than-Russian price....
05/20/2015Russian gas still cheaper than Iranian, despite price rise: Armenian minister
... Russian. “Still in talks with the Russian side, me personally I was negotiating with Iran’s National Gas Company, with the deputy minister, with the minister, over the gas supplies to Armenia. And I am saying again what I have already said – Iran cannot sell gas to us at a cheaper price than Russia does”, the minister said. The minister said the minimum price Iran is ready to supply gas to Armenia at is $370 per 1,000 cubic meters, whereas the capacity of Iran-Armenia pipeline is an annual of 2.3-2.4 billion cubic meters. Meantime, ...
06/13/2013Armenian government is looking into chances to have gas price reduced
... Garegin Baghramyan, appointed to the post on October 8, said today that government continues the search for options to have the price of Russian natural gas cut. YEREVAN, October 10. /ARKA/. Armenia’s new Minister of Energy Infrastructures and Natural Resources Garegin Baghramyan,... ... Russian natural gas to Armenia increased by 7% to 1 billion and 996 million cubic meters and deliveries of natural gas from Iran grew by 2.9% to 382 million and 700 thousand cubic meters. The total gas consumption in Armenia in 2017 increased by 5.3%....
10/10/2018Armenian government to negotiate price of Russian natural gas in November
... gas at which it is shipped to Armenia, not on the price at which it is sold to Armenian households. He said the latter issue is up to the Public Services Regulation Committee (PSRC). Asked whether the Armenian government would negotiate purchase of gas from Iran if the Russian side raises the price of its gas for Armenia, the minister said such negotiations are possible. "If the Russian side takes such a step, everything is possible. We are interested in importing cheap gas," Grigoryan said. Earlier, Artur Grigoryan downplayed speculation ...
06/08/2018Iran looks upon Armenia as a transit ‘territory,’ Armenian economist says
... attitude towards Yerevan for the worse. According to an MP from the ruling Republican Party of Armenia Vardan Ayvazyan, Iran is ready to supply natural gas to Armenia. He said the agreement with Russia does not commit Armenia to buying gas only from the Russian Federation. “If Iran offers us gas at a price below $160 per one thousand cubic meters, no one is able to oblige us to buy gas from Russia. Armenia has the right to make decisions independently,' said Ayvazyan. Armenia is among leading world countries in terms of natural gas accessibility to ...
02/02/2016Armenian government to seek a drop in Russian natural gas price
... were held between the top officials of both countries. "At the moment there are no negotiations, but they will resume in November," the minister said. He said also that he personally met with the Iranian Energy Minister asking him to offer a price for the Iranian natural gas, but no response came so far. According to the Ministry of Energy and Natural Resources, in 2017 deliveries of Russian natural gas to Armenia increased by 7% to 1 billion and 996 million cubic meters and deliveries of natural gas from Iran grew by 2.9% to 382 million and 700 thousand cubic meters. The total gas consumption in Armenia in 2017 increased by 5.3%....
08/29/2018Iran may apply non-market approaches in exporting its natural gas to friendly countries
... Russia’s, Reisi said that it is not clear yet which price is higher. He said the matter should be negotiated and it will become known which price is higher at the moment of signing the agreement. “First of all, it should be specified what are prices for Russian and Iranian natural gas, and after that it will become clear whether the countries can compete or they are equal. We can sell gas at $400 to one country and at $100 to another country.” Earlier, as Armenian media reported, Reisi implied an idea that Iran might sell its ...
12/06/2013ArmRosgazprom considering opportunity to import Iranian gas in Armenia
..., then the company may do it, he said. At the same time Harutyunyan said that the price for Iranian gas is unlikely to be lower than that for Russian gas. Earlier, Armenian Prime Minister Tigran Sargsyan, asked why Armenia doesn’t buy natural gas from Iran after Russia raised its price, said Iranian gas is more expensive than Russian. In 2004, Armenian government initiated construction of Iran-Armenia gas pipeline. The pipeline started operating in 2007. Armenia uses Iranian gas for generating electric power, which is sent ...
06/07/2013Armenia’s acting minister says no progress in talks with Russian Gazprom over natural gas price
... Energy Infrastructures and Natural Resources Garegin Baghramyan said today that the price of natural gas for households and other consumers would be reduced in case of successful negotiations... ... the shipment of gas to Armenia. Speaking at a news conference he said the price of Russian gas shipped to Armenia differs from the price of gas shipped to other member... ... by 7% to 1 billion and 996 million cubic meters and deliveries of natural gas from Iran grew by 2.9% to 382 million and 700 thousand cubic meters. The total gas consumption...
11/21/2018Rouhani: Iran ready to step up supplies of natural gas to Armenia
Iranian President Hassan Rouhani said a joint press conference ... ... Prime Minister Nikol Pashinyan that Iran is ready to increase gas supplies to Armenia, the Armenian government press service ... ... Armenia and Georgia, as well as in a four-party format – involving Russia. As to cooperation in the field of gas supply, we expressed ... ... important to be able to come to a general agreement about the price during further discussions and negotiations. This is a key ...
02/27/2019Government using all levers to ensure that Russia supply gas to Armenia at the lowest possible price
... question Tigran Sargsyan said this question is not as simple as it may seem. "Sometimes it seems that to negotiate with supplier countries is simple. But it is not an easy task. Today, the Armenian government is using all the levers so that the gas supplied to the country be delivered at the lowest possible price. To do this, we do everything possible- from discussions with Iran and ending with negotiations with our traditional strategic partner Russia," he said. On May 14 Armenia’s Russian-controlled national gas operator ArmRosGazprom (ARG) asked the regulator to revise upward the current tariff for Russian natural gas. It wants to raise the price for consumers using up to 10 thousand ...
05/20/2013Armenian Energy Ministry finds Iran’s offer to increase gas export to Armenia interesting
... Armenian Deputy Energy and Natural Resources Minister Areg Galstyan, commenting on Iranian Ambassador Mohammad Raiesi’s statement about his country’s readiness to enlarge supply of Iranian natural gas to Armenia, said that the matter deserves consideration. YEREVAN, June 11. /ARKA/... ... gas imported from Iran, if it needs more gas. He refrained from commenting on the price for Iranian natural gas. “There is an offer and it should be considered,”... ... Asked whether Armenia will manage to decide how much Iranian gas is an alternative to Russian gas, the deputy minister said that this is a very difficult question. “But...
06/12/2013Armenian citizens will not benefit from anticipated drop in price of Russian natural gas
In all likelihood Armenian citizens will not benefit from the anticipated drop in the price of Russian natural gas, an economist Vilen Khachatryan said today. YEREVAN, February 17. /ARKA/. In all likelihood Armenian citizens will ... ... 2015, Armenia imported 1.9 billion cubic meters of Russian gas, by 6.8% less than in 2014. The gas pipeline between Armenia and Iran was commissioned in 2007. In return for Iranian gas Armenia ships electricity to Iran—3 kWh for one cubic meters of gas....
02/17/2016Iran ready to increase gas supplies to Armenia
Iranian Energy Minister Reza Ardakanian told reporters today in Yerevan that Iran was ready to increase gas supplies to Armenia. YEREVAN, February 27. /ARKA/. Iranian Energy Minister ... ... talks would be announced once they were over. The minister did not mention the specific price at which Iran is ready to sell gas to Armenia and neither said how much Iranian... ... meters of gas per day to 3 million cubic meters. The energy ministers of Armenia, Russia, Iran and the deputy energy minister of Georgia signed in April, 2016 in Yerevan...
02/27/2018Iranian gas not to cost less than $370 per 1,000 c. m to Armenia, minister says
Iranian natural gas will cost to Armenia not less than $370 per 1,000 cubic meters, said Armen Movsisyan,... ... natural gas to Turkey at $335 per 1,000 cubic meters, but starting with the next year the price will rise to $440. As Turkey consumes huge volume of gas, the sides can kick off... ... imported over 2.4 billion cubic meters of gas in 2012, of them over 1.9 billion from Russia, and 488.3 million from Iran. On May 14, Armenia-based ArmRosgazprom CJSC and...
05/24/2013Armenian households do not feel the benefits of cheap Russian natural gas, prime minister says
... session of the National Assembly Armenian Prime Minister Nikol Pashinyan said his country fellows do not feel the benefits of low price of natural gas purchased from Russia. YEREVAN, June 7. /ARKA/. Presenting today the program of his government to the extraordinary session of the National ... ... and Natural Resources Artur Grigoryan downplayed speculation that Armenia could buy cheaper natural gas from the neighboring Iran, saying Iran wants $165 per one thousand cubic meters, while Armenia pays $150 for the same volume, saying also that Armenia’s ...
06/07/2018Safaryan doesn’t rule out future increases in Russian natural gas price for Armenia
... of the Union of Domestic Commodity Producers, speaking Thursday at a news conference, didn’t rule out new increases in the Russian natural gas price for Armenia in the future. YEREVAN, July 11. /ARKA/. Vazgen Safaryan, chairman of the Union of Domestic Commodity Producers,... ... Plant with its 271.7-megawatt modern combined steam-and-gas unit started operating in April 2010. Safaryan also said that the Iran-Armenia gas pipeline should be transit. As a result, Armenia may have considerable income fr om gas transit. He said that ...
07/12/2013Armenian energy minister: Iranian natural gas can’t be alternative to Russian
... ArmRosgazprom and Transgaz LLC asked the regulator to revise upward the current tariff for Russian natural gas. They want to raise the price for consumers using up to 10 thousand cubic meters a month from current 132,000 drams per one thousand cubic meters (including VAT) to 221,000 drams. Armenia currently buys 1,000 cubic meters of Russian gas for $180. In 2004, the Armenian government initiated construction of Iran-Armenia gas pipeline, which started functioning in 2007. ArmRosgazprom CJSC, established in 1997, enjoys the sole right ...
05/22/2013Armenia and Iran to discus gas issue early next year
... reached at a meeting with Iranian ambassador to Armenia. The commission is expected to meet either in January or February 2014. He reiterated that Iran is ready to sell gas to Armenia at $400 per one thousand cubic meters. "Since 2010 , when the Russian Gazprom announced an increase in the price of gas supplied to Armenia I had five meetings with Iranian officials, but these negotiations were fruitless because Iran said it could sell gas to Armenia for $400. Since we did not have other alternatives, we had to continue negotiations with the Russian side," he said. The minister also stressed ...
12/17/2013Iranian gas supplies disadvantageous to Armenia: ministry of energy
Iranian gas supplies to Armenia makes no economic sense as they will cost much more than the Russian gas, Armenia’s minister of energy Armen Movsisyan said at government hour in the parliament Wednesday, in commenting ... ... The minister said Iran is ready to meet Armenia’s domestic demand, but is going to sell its gas to Armenia at international prices, i.e. more than $400 per 1,000 cubic meters, wich is much higher than the price for Russian gas. Following the negotiations ...
12/05/2013Armenian MP urges government to seek for alternatives to Russian natural gas
... problems stemming from Armenia’s membership in the Russia-led Eurasian Economic Union (EEU). Citing the recent decision of the Russian Gazprom to raise the price of natural gas it ships to Armenia from $150 per one thousand cubic meters to $165 Melkumyan said it is important that cooperation with the neighboring Iran on supply of natural gas is not limited only to the gas for electricity swap deal. The Russian natural gas is delivered to ...
01/17/2019Natural gas price not to rise in Armenia until April 1, 2020 - vice-premier
... Armenia is now negotiating also with other countries [Iran, Turkmenistan etc.] over possible supply of natural gas for consumers. In his words, many things depend on infrastructures and volumes. In particular, he said that Armenia has a swap deal with Iran - natural gas for electric power. So, necessary infrastructure is needed for sealing also another deal. On January 1, 2019, the price of Russian gas for Armenia increased from $ 150 to $ 165 per thousand cubic meters, but the price for consumers inside the country were left unchanged at the account of Gazprom Armenia, which undertook its management optimization. Gazprom Armenia CJSC, ...
11/28/2019Mher Grigoryan expects no gas price hikes in Armenia in winter
... of the price change probability, the vice-premier said the matter is being considered as a whole. There is a swap deal with Iran, which has its impact on the price-making process. Grigoryan urged everybody not to politicize the matter. "Eventually, certain functional integration ... ... region, and I think there is a completely normal cooperation in this issue," he said. According to media reports, the Russian authorities intend to raise the natural gas price for Armenia before the end of this year. On January 1, 2019, Russia's Gazprom increased the gas price for Armenia from ...
10/09/2019Gazprom to supply gas to Armenia through Azerbaijan
... along the previous route across the border of Russia and Georgia. In December 2020, Gazprom Export and Gazprom Armenia, a subsidiary of Gazprom, extended the gas supply contract for the first quarter of 2021 only. Armenia also receives natural gas from Iran, but in small volumes and exclusively under the gas for electricity contract. On December 31, 2018 Russia's Gazprom raised the price of natural gas it ships to Armenia across Georgia from $150 per one thousand cubic meters to $165. Although the Russian natural gas is delivered to Armenia by Gazprom at a $165 per one thousand cubic meters, Gazprom’s Armenian subsidiary - Gazprom ...
03/17/2021Armenian government considering chances for buying Iranian natural gas
... discussed until a concrete and profitable solution is found," he said. As part of gas for electricity swap deal Armenia has been receiving natural gas from Iran since 2015 May, which is converted into electricity here and is shipped back to Iran. The Iran-paid construction of the third 400-kilowatt high-voltage line is under way now. Speaking about the decision of the Russian Gazprom to raise the price of natural gas it ships to Armenia from $150 per one thousand cubic meters to $165, Pashinyan reiterated that the rise will not affect the price for the end user. The new price is effective from January 1, 2019. Pashinyan also added that official Yerevan will continue ...
01/08/2019Armenian vice-premier explains at whose expense local consumer to enjoy unchanged natural gas price
Armenian Vice-Premier Tigran Avinyan told journalists on Wednesday that although Russian Gazprom’s natural gas price for Armenia was increased from $150 to $165 per 1,000 cubic meters on border, the price for consumers in Armenia will be ... ... inform people,” he said. Russia is the only natural gas supplier to Armenia’s consumers. The country receives gas also from Iran, but in Armenia’s territory this gas is transformed into the electricity subject to export back to Iran – 3 kWh per 1 ...
01/30/2019Armenian minister not serious about Azerbaijani SOCAR statement
... subsidizing by 30 percent the cost of Russian ages to Armenian households were in the final stage. The minister spoke also on possible increase in imports of Iranian gas to Armenia saying Tehran is not ready to sell gas to Armenia at a cheaper price than Russia. “The Iranian gas price is higher than the price set by Russia. Therefore, it cannot be an alternative in terms of the price,” the minister told reporters. Earlier he said Iran would not sell gas to Armenia less than at $370 per one thousand cubic meters. He said ...
06/14/2013Gas supply from Russia to Armenia, suspended due to pipeline repairs, resumed
“Gazprom-Armenia” CJSC reports the resumption of natural gas supplies to Armenia from Russia through Georgian territory. YEREVAN, July 27. /ARKA/. “Gazprom-Armenia” ... ... carried out due to internal reserves and additional volumes of natural gas supplied from Iran. On gas supplies from the Russian Federation to Armenia “Gazprom-Armenia” CJSC... ... are carried out by Gazprom Armenia in transit through the territory of Georgia. The price of gas for Armenia (at the border) is $165 per 1 thousand cubic meters.
07/27/2025Gas supply to Armenia halted after Georgia accident
Natural gas supplies to Armenia will be temporarily suspended due to emergency recovery work ... ... restrictions, thanks to internal reserves and additional volumes of natural gas from Iran. The monopoly supplier of natural gas from Russia to Armenia for domestic consumption is ‘’Gazprom-Armenia’’ CJSC, a wholly... ... subsidiary of the Russian holding Gazprom. Gas is delivered through Georgia, with the price at the border set at $165 per 1,000 cubic meters. ‘’Gazprom-Armenia’’...
11/13/2024Armenian ex-president Kocharian criticizes government over gas deal with Russia
... published by his unofficial website, 2rd.am, on Monday, ex-Armenian president Robert Kocharian criticized the government for a gas deal concluded late last year with Russian Gazprom, particularly, a provision of the agreement stipulating that the current and future Armenian governments cannot ... ... networks, expansion of underground gas storage facilities, construction of the 5th unit of the Hrazdan thermal power plant, Iran-Armenia pipeline and a 10-year sustainable supplies at a reasonable price,” Kocharian said Gazprom never came forward with such conditions when he was president. "I do not know why ...
01/13/2014Diversified energy supply to ensure energy security in Armenia : U.S. Ambassador
... Armenia should import the natural gas from Iran, the U.S. ambassador said numerous governments had imposed sanctions against Iran, and Armenia, as a UN member, respects these sanctions, and the U.S., in turn, welcome these steps of Armenian government. As to the political will of Russia related to raising the natural gas price, Heffern abstained from commenting. He, however, noted that this is a very important and public issue which should be made ...
05/22/2013Membership in Eurasian economic union gives no advantages to Armenia - former prime minister
... exports to Armenia, the latter will be able to replace it with Iranian gas. Bagratyan also said that the Russian gas is sold to consumers in Armenia at a price which is far higher that the border price ($150 per 1,000 cubic meters). “I think the Russian gas price is $300 per 1,000 cubic meters… And if Iran sells us gas even at $200 this will be much better than so-called Russia gas for $140, which doesn’t exist,” he said. “If so, we’ll supply Iranian gas to final consumers at $220-230.” Armenia’s foreign trade turnover totaled $5 075.3 ...
03/13/2017Transparency International: Armenia has long been dependent on Russia for energy and arms
... Corrupt Practices as Foreign Policy Tools.] It says Armenia has long been dependent on Russia for two strategic commodities: energy and arms. Since 1997, Armenia’s gas has been supplied by ArmRusGasprom, a joint venture between Gazprom and Armenia’s... ... as a way to pay off debts accumulated through receiving gas at a ‘preferential’ price over the previous period. Despite numerous demands from the parliamentary opposition... ... 2043, but also on exporting electricity through Armenia to customers in Georgia and Iran. These changes coincided with a shift in Armenia’s political trajectory away...
11/22/2019Ten major economic events in Armenia in 2019, according to Arka news agency
... and a maturity of 7 years. The bulk of $700 million was used to repay a $500 million Russian loan ten years ahead of schedule. The second issue was carried out in March... ... $500 million with a yield of 7.25% and a maturity period of 10 years. -0--- 4. Natural gas uncertainty Throughout the year, the issue of price of natural Russian gas for Armenia was on the economic agenda of the two countries... ... agreements. Among the achievements - the entry into force of the agreement between Iran and the Eurasian Economic Union (EEU), the signing of the agreement with Singapore...
12/23/2019Top ten economic events of 2012 singled out by ARKA News Agency
... Europe and Western Asia crossroad, is planned to be completed in 2017. The goal of the project that has been initiated by Russia and Iran is to upgrade Armenia’s main corridor road as part of a broader thrust to improve connectivity, and boost trade, growth ... ... territory – it specifies rules for settling disputes and mechanisms of forcing parties to comply with them. 6. Natural Gas Price Negotiations among top issues under discussion in 2012 The price for natural gas was widely discussed in Armenia ...
12/20/2012More than ten foreign companies already applied for doing business in “Syunik” free economic zone
More than ten companies from Russia, Iran and Europe have already applied for doing business in “Syunik” free economic zone that is being built on the border between ... ... processing and export,” he said. “It is possible to build up Armenia-Iran trade turnover by this, especially since cost price of the goods produced in the free economic zone will be 25-27 percent lower thanks to tax preferences, which is very significant ...
05/25/2017Armenia negotiating with Russia over gas price – energy ministry
... Armenian energy infrastructures and natural resources minister, informed journalists on Thursday about the negotiations with Russia aimed at decreasing the border price and the consumer price for Russian natural gas in Armenia, Novosti-Armenia reports. YEREVAN, November 8. /ARKA/. Garegin Baghramyan, the acting Armenian energy infrastructures ... ... ministry’s figures, the natural gas import from Russia has grown 7% in 2017 to 1 billion 996 million cubic meters, and from Iran 2.9% to 382,700,000 cubic meters. The total consumption of natural gas in Armenia has grown 5.3% in 2017. --0---
11/08/2018Electrical Networks of Armenia (ENA) plans to earn 6 billion drams in profits in 2012
... in October, and we, among other things, continued to feel the effects of increased gas price that rose from April 2010. In 2010 the consumption was 4.667.4 billion kWh, in... ... Construction of new, more powerful transmission lines, linking Armenia with Georgia and Iran is also very important. Obviously, the power industry sector in Armenia has high... ... is to organize synchronous operation of power systems of the regional countries and Russia. That will be a breakthrough in ensuring a stable and efficient operation of...
02/14/2012Armenia's anti-trust agency to investigate the reasons behind rise in gasoline prices
... drams per liter, according to the head of the agency, this information does not correspond to reality, as the lowest supply price is 230 drams per liter. Gevorgyan also noted that the Armenian fuel market is diversifying. Thus, in 2019 some 92-95% of fuel was imported from Russia. In 2020 its share dropped to 80%, and in the first months of 2021 the bulk of gasoline supplies were from Iran. Also, according to him, there is an increase in the number of players in the gasoline supply market. If in 2019 three companies ...
03/29/2021Armenia’s CU-accession costs at $1bln for Russia: Gusev
... dollars, head of CIS strategic development center of Russia’s Institute of Europe professor Alexander Gusev said. In economic terms Russia, no doubt, suffers from Armenia’s accession to the CU, Gusev said at Yerevan-Moscow video bridge on results of Russian president’s visit to Armenia. This includes nullified duties, reduced gas price, investments in projects, construction of Iran-Armenia railway branch, and modernization of irrigated farming, Gusev said. But Russia gains much more from Armenia’s accession to the Customs Union in political terms, he said. Following the negotiations of the presidents Sargsyan and Putin, Armenia ...
12/06/2013Secretary of National Security Council: Iranian investments in Armenian economy to reach $980mln
As a result of Armenia-Iran political agreement, Iran is to invest about 980mln USD in the Armenian economy,... ... stressed that during his April visit to Moscow President Sargsyan got it confirmed that Russia is interested in the project. Total length of Iran-Armenia railroad is to be... ... pipeline. This will provide Armenia with an alternate fuel supply and will reduce the fuel price. He also said that Armenia will have an opportunity to export oil products as...
04/28/2009Armenia not able to endure possible Russian sanctions - ex-minister
... exclusive statements and I don't know what they discuss together behind closed doors. Everything depends on the mood of both sides," he explained. ‘In any case it would be correct if the Armenian government answer the question of what would happen if Russia decides to double natural gas price, or whether it negotiated with Iran imports of gas to Armenia at $165,’ Aramyan said. Aramyan also said that today Armenia's integration in the Russian market is quite high. For example, of the $980 million FDI in 2022, $585 million were reinvested profit, mostly from companies with ...
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