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Armenian opposition MP says gas deal with Russia "economic sabotage"

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  • Armenian opposition MP says gas deal with Russia "economic sabotage"

    Armenian opposition MP says gas deal with Russia "economic sabotage"

    Arminfo, Yerevan
    7 Apr 06

    "The agreement between the Armenian government and Russia's Gazprom is
    an act of economic sabotage against the people," the deputy chairman
    of the National Unity Party, Agasi Arshakyan, has told Arminfo news
    agency.

    He said he was certain that Armenia will spend the funds received for
    the fifth unit of the Razdan thermal power plant on containing the
    rise of tariffs for the Armenian consumers, and that the 140m dollars
    of investments envisaged by the project will be allocated from the
    profits of the Russian side.

    "Armenia will pay 110 dollars for each 1,000 cu.m. of gas, which means
    that Russia will return the 243m dollars it paid," the MP said. Soon
    the price for the Armenian consumers will be set at 68 drams per one
    cu.m., but "this price will not last more than a year", he said.

    Arshakyan noted that Armenia discussed an Iranian offer of barter
    supplies of gas in exchange for electricity from the fifth unit of
    Razdan at the rate of 3 kW per one cu.m. of gas in December
    2005. "Iranian gas is 20 per cent more efficient than Russia's and for
    one cu.m. of Iranian gas Armenia could obtain no fewer than 5
    kW. Hence, Armenia could leave itself around 2.5 kW from each cu.m. of
    Iranian gas," Arshakyan said. He assured that the fifth unit of the
    Razdan power station could work without significant investments for
    around ten years at the capacity of 445 MW.

    "I do not believe that Iran gave up the project," Arshakyan said and
    added that "Russia does have influence over Iran, but we should be
    able to demonstrate independence in something at least".
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