ITAR-TASS News Agency
TASS
April 6, 2006 Thursday 06:22 AM EST

Russia gas price for Armenia to make 110 dlrs till Jan 1, 2009

The Russian gas giant Gazprom and the Armenian government signed an
agreement for the next 25 years stipulating the strategic principles
of cooperation in the gas projects in Armenia.

According to Gazprom, the agreement sets the price on Russian natural
gas for Armenia at 110 dollars per 1,000 cubic meters till January 1,
2009.

The agreement stipulates that Gazprom will buy ArmRosgazprom from the
Armenian government that is building the 40-kilometer section of the
Iranian-Armenian pipeline and the fifth power unit of the Razdan
thermal power station (Razdan-5).

Gazprom said in a press release that under the agreement Armenia
should assign to ArmRosgazprom the functions of the party ordering
the construction of the 197-kilometer second section of the
Iranian-Armenian pipeline.

The preliminary purchase and sale contracts should be concluded
before April 14, 2006, and the ownership of the foresaid facilities
should be finally transferred before January 1, 2007. After the deal
the Gazprom share in the ArmRosgazprom authorized capital will make a
special majority.