Armenian and Russian Presidents agree on gas price

Armenian and Russian Presidents agree on gas price

The presidents of Armenia and Russia have agreed on the price of  gas supplied to Armenia.

President Sargsyan told journalists about the outcome of the talks with his Russian counterpart Vladimir Putin, News.am cites RIA Novosti.

Sargsyan they had talked about a key issue - the price of natural gas supplied to Armenia.

“I think we have come to an agreement about pricing for gas supplies. The price should be based on the actual market price of gas, taking into account ... regional tariffs for the Armenian economy to maintain its efficient position,” RIA Novosti quotes Sargsyan.

Several media outlets claimed that gas prices will go up in Armenia, amounting to AMD 280 for 1000 cubic meters starting from October 1st, 2012, while the price would again go up from next year, amounting to AMD 320. Armenia currently purchases gas at AMD 180 for 1000 cubic meters.

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