Russia’s Gas Discount Unlikely to Benefit Armenian Economy

Source: Massis Post

Source: Massis Post

YEREVAN (ARKA)—A 9 percent reduction in the price of Russian natural gas supplied to Armenia is unlikely to have any serious positive impact on the Armenian economy, economy minister Artsvik Minasyan said today.

The agreement to reduce the price for Armenia was signed by the chief of Russia’s Gazprom giant, Alexei Miller, and deputy energy minister Anatoly Yanovsky with Armenian officials in Yerevan during Russian prime minister Medvedev’s visit to Armenia earlier this month.

After the Russian-Armenian talks, Armenian Prime Minister Hovik Abrahamyan told reporters that the wholesale price of Russian gas for Armenia fell from $165 to $150 per thousand cubic meters, however, he would not say whether the price for Armenian consumers would also go down by 9 percent. “We will discuss this issue with relevant bodies and inform our fellow citizens,â€

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