Thursday, April 9, 2015

Armenia, Russia Negotiate Over Deeper Gas Price Discount

The Armenian government is negotiating with the Gazprom giant in hopes of securing a greater discount on Russian natural gas deliveries to Armenia, Energy and Natural Resources Minister Yervand Zakharian said on Thursday.

"Negotiations on the gas tariffs are in progress," Zakharian told RFE/RL's Armenian service (Azatutyun.am). "Everything is being done to have the gas price at the [Armenian] border go down."

"We should succeed," he said after a weekly cabinet meeting in Yerevan. He gave no further details.

Armenia currently pays Gazprom almost $190 million per thousand cubic meters of Russian gas, a price which is well below international market levels. The discount was agreed upon in late 2013 shortly after Armenia decided to join a Russian-led alliance of ex-Soviet states at the expense of a far-reaching deal with the European Union. Armenian officials said at the time that the tariff will not change for the next five years.

Armenian News

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