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Russia's Gazprom Doubles Gas Price For Armenia

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  • Russia's Gazprom Doubles Gas Price For Armenia

    RUSSIA'S GAZPROM DOUBLES GAS PRICE FOR ARMENIA

    Radio Mayak, Moscow
    6 Apr 06

    [Russian state-owned gas major] Gazprom and Armenia have signed an
    agreement on gas delivery. Russia will sell gas to the neighbouring
    republic at 110 dollars per 1,000 cu.m. until 2009.

    Until 1 April 2006 gas was sold at 56 dollars per 1,000 cu.m. This
    was an extension granted by Gazprom to the Armenian side, which has
    now expired.

    After the price increase, gas tariffs rose 50 per cent for the Armenian
    population and doubled for Armenian enterprises.
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