Gazprom To Deliver Cheap Gas To Armenia In Return For Control Of Gas

GAZPROM TO DELIVER CHEAP GAS TO ARMENIA IN RETURN FOR CONTROL OF GAS NETWORK

FORBES
April 6 2006

MOSCOW (AFX) – The Armenian government has signed an agreement with
Gazprom which will give the Russian gas group control over the former
Soviet republic’s gas distribution network and its part of the planned
Armenia-Iran gas pipeline in return for charging moderate gas prices
until 2009.

Gazprom has pledged to charge its neighbour 110 usd per 1.000 cubic
metres of gas deliveries until Dec 31 2008 and pay 248.8 mln usd
towards subsidising gas prices for the period.

Deliveries to Europe are currently priced at 230 usd per 1.000
cubic metres.

Under the deal Gazprom will be allowed to acquire a controlling
interest in gas distributor ArmRosGazprom as well as a section of
the 40 kilometre gas pipeline linking Armenia and Iran currently
under construction.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS