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Armenia To Receive Russian Grant To Subsidize Gas Price - Armenia En

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  • Armenia To Receive Russian Grant To Subsidize Gas Price - Armenia En

    ARMENIA TO RECEIVE RUSSIAN GRANT TO SUBSIDIZE GAS PRICE - ARMENIA ENERGY MINISTRY

    Interfax, Russia
    August 29, 2013 Thursday 6:55 PM MSK

    YEREVAN. Aug 29

    Armenia will receive a grant from Russia to subsidize the price of
    natural gas, Energy and Natural Resources Minister Armen Movsisyan
    told journalists on Thursday.

    "Talks on receipt of a grant to subsidize the price of gas have been
    completed. We will announce the results of the talks in the near
    future. I can say with confidence that Armenia will receive funds
    for the subsidies from Russia," Movsisyan said.

    He declined to specify when the talks were completed and how much
    Russia would provide.

    Experts speculated that the grant would amount to $140 million. That
    would reduce the price at the border to $189 per 1,000 cubic meters
    from the $270 demanded by Gazprom (RTS: GAZP).

    The price that households in Armenia pay for natural gas and
    electricity rose 18.2% and 26.7% respectively effective July 7, 2013.

    Jh ak

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