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Russia Not To Raise Gas Prices For Armenia

RUSSIA NOT TO RAISE GAS PRICES FOR ARMENIA

ARKA News Agency, Armenia
Nov 8 2006

YEREVAN, November 7. /ARKA/. RA Minister of Finance of Economy Vardan
Khachatryan believes that Russia will not raise the prices for gas
supplied to Armenia. However, he does not rule out transit problems.

"This process is unclear, and it is the people involved in it that
must be asked about it," the Minister said.

On April 6, 2006, the Armenian Government and the "Gasprom" OJSC
signed an agreement on strategic cooperation for 25 years.

Under the agreement, the ArmRosgasprom CJSC is to purchase the 5th
power unit of the Hrazdan TPP from Armenia for $248.8mln. A total of
$188.8mln will be directed to the compensation for the population’s
expenses as a result of rise in gas prices during the next three years,
and $60mln will be paid to the RA state budget.

"Gasprom" pledged to complete the construction of the 5th power unit as
well as construct a gas-turbine plant with a capacity of 140 megawatts
within two years.

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
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