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Gas Price Rise Pregnant With Serious Consequences - Armenian Politic

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  • Gas Price Rise Pregnant With Serious Consequences - Armenian Politic

    GAS PRICE RISE PREGNANT WITH SERIOUS CONSEQUENCES - ARMENIAN POLITICIAN

    tert.am
    17.07.12

    A rise in the gas price will cause a rise in all the other prices,
    especially in the electric energy price, the economist Vahagn
    Khachatryan, a member of the opposition bloc Armenian National Congress
    (ANC), told journalists on Tuesday.

    "A rise in the gas price will seriously affect the country's economy.

    It will first of all have an impact on the country's industry,"
    he said.

    Armenia has until now purchased Russian gas at $180 for 1,000 cubic
    meters, and the price may be raised up to $320 for 1,000 cubic meters.

    "Then Russia gave Armenia time to improve the living standards. But our
    authorities wasted that time," he said. Russia may not raise the gas
    price for Armenia if the latter sells something else. "I do not know
    what else we can sell - only Armenia's citizens," Khachatryan said.

    As to whether Russia plans to implement its policy of forming a
    Eurasian Union by raising the gas price, Khachatryan said that it is
    the most important thing. "This is a way to slavery. We are giving
    [them] our citizens."

    Press reports say that Russia intends to raise its gas price for
    Armenia from $180 up to $280 from October 1, 2012. Neither the Russian
    nor the Armenian side has officially confirmed the reports.

    In response to Tert.am's question, Armenia's Ministry of Energy said
    that "negotiations with the Russian Gazprom company in progress."

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