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Armenia Paid With Its Energetic Independence For The Russian Gas

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  • Armenia Paid With Its Energetic Independence For The Russian Gas

    ARMENIA PAID WITH ITS ENERGETIC INDEPENDENCE FOR THE RUSSIAN GAS

    Yerevan, April 8. ArmInfo. The last deal with Gazprom was a serious
    blow to the economical independence of Armenia, said in an interview
    to ArmInfo Edward Agadjanov, independent economist.

    To his opinion, handing all the energetic factors to Russia was a
    serous mistake by the Armenian authorities. The expert said that
    Armenia has lost its blocking share holdings by increasing Gazprom's
    share in ArmRosgazprom. Mr. Agadjanov said that Armenia could receive
    aid from foreign donors for reducing the consequences of raise gas
    prices if those objects were not given to Russia.

    To Agadjanov's opinion Russia did not succeed in preventing Iran from
    entering the European market by blocking the way through Armenia. He
    said that Iran still can enter Europe via Azerbaijan. Nevertheless
    he admitted that Iran depends on Russia in sense of transporting
    its recourses.

    The matter is that the 5-th bloc of the Hrazdan HPP was sold to Russian
    Gazprom for $248,8 million. The first part of the Iran-Armenia pipeline
    is also to be handed to the Russian side by the agreement. This deal
    aims recompensing the raise in gas prices for Armenian consumers.
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