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Ex-Governor Of Central Bank Complains Of Very High Gas Price

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  • Ex-Governor Of Central Bank Complains Of Very High Gas Price

    EX-GOVERNOR OF CENTRAL BANK COMPLAINS OF VERY HIGH GAS PRICE

    /ARKA/
    February 18, 2011
    YEREVAN

    YEREVAN, February 18, /ARKA/. Former governor of Armenia's Central Bank
    complained today of extremely high price paid by Armenian households
    and industries for Russian natural gas. Speaking at a news conference
    Bagrat Asatrian said although Russian Gazprom sells gas to Armenia
    at a price lower than to Europe Armenian households and industries
    pay for it as much as consumers in Europe.

    Gazprom raised the cost of gas for Armenia by 14 percent in 2009 and
    by another 17 percent in 2010 April to $180 per thousand cubic meters.

    Following it the Armenian Pubic Services Regulatory Commission
    (PSRC) approved a 37.5 percent surge in the gas price for households
    requested by the national gas distribution company, ArmRosGazprom
    (ARG) in which Gazprom owns more than 80 percent.

    Last September Gazprom said it would gradually bring its gas tariffs
    for Armenia, Moldova and Belarus up to "market-based" international
    levels in the coming years. Gazprom currently sells gas to western
    and central European countries for over $300 per thousand cubic meters.

    According to Russian news agencies, Gazprom would like to raise the
    tariff for Armenia to about $200 per thousand cubic meters this year.

    Armenian authorities say they are negotiating with Gazprom monopoly
    seeking to prevent a further rise in the price of natural gas imported
    by Armenia.

    Energy and natural resources minister Armen Movsisian said last week
    he received a "strict instruction" from president Serzh Sarkisian to
    do his best to prevent another gas price rise. According to official
    figures, cas consumption in the country has fallen considerably in
    the last two years.




    From: A. Papazian
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