Armenia's national gas distribution company said on Wednesday that it will not lower the cost of Russian natural gas supplied to households despite a 13 percent reduction in its wholesale price set by Gazprom.
Gazprom's chairman, Alexei Miller, announced the price cut on Tuesday following negotiations held with the Armenian government.
The Gazprom-Armenia operator, which is fully owned by the Russian energy giant, made clear that the decision will not affect its retail tariffs for households and corporate consumers. It spokeswoman, Shushan Sardarian, said the discount will only allow the gas operator to reverse losses incurred as a result of a recent 17 percent depreciation of the Armenian dram.
Armenian News
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