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Armenian Lawmaker Insists On Compensation For Russian Gas Price Hike

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  • Armenian Lawmaker Insists On Compensation For Russian Gas Price Hike

    ARMENIAN LAWMAKER INSISTS ON COMPENSATION FOR RUSSIAN GAS PRICE HIKE

    Prime-Tass English-language Business Newswire
    April 4, 2006 Tuesday 5:55 PM EET

    YEREVAN, April 4 (Prime-Tass) - Armenia insists on being compensated
    for the gas price hikes of Russian natural gas monopoly Gazprom,
    speaker of Armenia's parliament Artur Bagdasaryan told a news
    conference Tuesday, ITAR-TASS reported.

    Negotiations on gas tariffs should be based "on the logics of the
    Armenian-Russian strategic partnership," Bagdasaryan said. Any
    decision, aimed at softening the aftermath of the natural gas price
    hike, is acceptable, he added.

    Russian natural gas monopoly Gazprom increased its prices for gas
    supplies to Armenia, Georgia and Azerbaijan to U.S. $110 per 1,000
    cubic meters in 2006 from $56 in 2005.

    Gazprom increased its gas price for other countries of the Commonwealth
    of the Independent States (CIS) starting from 2006 bringing them
    closer in line with its prices for European Union countries. Along with
    Armenia, Georgia, and Azerbaijan, these countries include Ukraine and
    Moldova. Gazprom has also announced its intention to raise its gas
    price for Belarus, which has paid an unprecedented $46.68 per 1,000
    cubic meters. European countries currently pay an average price of
    $150 per 1,000 cubic meters of gas.
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