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Russia to sell Armenia gas at 110 dollars - minister

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  • Russia to sell Armenia gas at 110 dollars - minister

    Russia to sell Armenia gas at 110 dollars - minister

    Arminfo
    31 Mar 06

    Yerevan, 31 March: Russia will sell gas to Armenia at 110 dollars
    per 1,000 cu. m. from 1 April 2006, Armenian Minister of Finance and
    Economy, Vardan Khachatryan, told journalists today.

    He said that the [Armenian] consumers of the Russian gas would l pay
    the old price until 10 April. He went on to say that according to a
    decision by the public services coordinating commission, domestic
    gas prices would be increased from 10 April. The government might
    compensate for the price rise from the budget, Khachatryan said,
    adding that there were some options for giving compensation which
    would not be a burden for the budget.

    Khachatryan refused to comment on Aykakan Zhamanak newspaper's report
    that Russia would take over the fifth block of the Razdan power plant
    and shares in the Iran-Armenia gas pipeline in exchange for a freeze
    on the gas price in the next 30 months.

    [Passage omitted: reported details]

    [In a separate report at 1327 gmt on 1 April 06, Arminfo quoted
    businessmen Mikael Bagdasarov as saying that Russia would supply gas
    to Armenia for 68 dollars per 1,000 cu. m. He said the price still
    might change, but would not exceed 70 dollars per 1,000 cu. m.]
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