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Armenia, Gazprom Co Find Acceptable Price For Russian Gas

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  • Armenia, Gazprom Co Find Acceptable Price For Russian Gas

    ARMENIA, GAZPROM CO FIND ACCEPTABLE PRICE FOR RUSSIAN GAS
    06.04.2006, 06.23

    ITAR-TASS, Russia
    April 6 2006

    YEREVAN, April 6 (Itar-Tass) - Armenia and the Russian Gazprom
    Company found an acceptable version of settling the problem of
    raising a price for Russian gas, said on Wednesday the country's
    President Robert Kocharyan who visited the ArmRosgazprom Company,
    the exclusive supplier of gas to the republic.

    According to the president, the Armenian government will approve the
    final version for settling this question within two or three days.

    True, the president did not divulge particulars of the understanding.

    The government will look for means (within the next three years)
    to set off the gas price both for population and for the business
    community, the president reported. The same time is provided for
    completing construction of a power unit in Razdan.

    "As a result, we shall have a heat and power station with a very high
    economic coefficient. Gas consumption for production of one kW/hr
    will be much lower than at the operating stations. As a result, the
    tariff policy will be more flexible," Kocharyan noted. He added that
    the rise of domestic prices for gas would not top 10-15 percent.

    Starting from this month, Gazprom sells gas to Armenia at 110 US
    dollars per 1,000 cubic meters.
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