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Gas Prices Up For Armenia

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  • Gas Prices Up For Armenia

    GAS PRICES UP FOR ARMENIA

    Neftegaz.RU
    24.09.2008 08:12
    Russia

    As reported by Interfax Armrosgazprom CEO Karen Karapetyan announced
    Tuesday, in time of the meeting with Armenian President Serge Sargsyan,
    that starting from April 1, 2009 Russia's gas for Armenia's clients
    will cost $154/ths cu meters. And it's only the beginning. The price
    will soar to $200/ths cu meters from April 1, 2010, Karapetyan said.

    The growth is connected with the price increase on Russia's energy
    market, but Armenia is expected to shift to European prices from 2011.

    It was not of a big surprise for Armenia's president. He said that
    negotiations with Gazprom were based on the gradual increase in
    gas prices. The growth in prices won't significantly affect the
    population, Sargsyan promised, pointing out that it will create
    brilliant opportunity for the business to improve competitive ability.

    Sargsyan urged Armrosgazprom to actively proceed with Armenia's
    gasification.

    Russia's gas monopoly Gazprom signed in September of 2008 the contract
    for gas supplies to Armenia in 2009 and 2010. Gazprom supplied 2.05
    billion cu meters in 2007.
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