ARMENIAN REGULATORY COMMISSION FOR PUBLIC SERVICES PROPOSES GAS PRICE REDUCTION

Arka News Agency, Armenia
Nov 27 2006

YEREVAN, November 27. /ARKA/. The RA Regulatory Commission for Public
Services is to discuss the "ArmRosgasprom" CJSC’s application for
recalculation of gas prices.

The Commission intends to partially satisfy the application lodged
by the company and its structure, Transgas" Ltd, on November 8, 2006.

As regards industrial enterprises, which consume over 10,000 cubic
meters a month, the Commission proposes a rise from $146.51 to $153.26
(in AMD equivalent) through ArmRosgasprom intended to bring the gas
price to $178.72.

On the other hand, the Commission intends to reduce gas prices for
the population using less than 10,000 cubic meters from AMD 90,000
to AMD 84,000 for 1,000 cubic meters, whereas ArmRosgasprom proposed
leaving the price unchanged.

The Commission proposes a rise in prices for suppliers of natural gas
from AMD 18.03 (VAT inclusive) up to AMD 18.334 (AMD 37.887 in the
application), AMD 5,656.21 to 8,057.945 for distribution of 1,000
cubic meters (AMD 15,383.637 in the application), AMD 3,445.115 to
4,638.841 for transportation (AMD 5,503.441 in the application).

The Commission’s decision is to take effect on January 1, 2007.

From: Emil Lazarian | Ararat NewsPress