ARMENIAN PRESIDENT AND GAZPROM CHAIRMAN AGREE TO CHANGE GAS TARIFF UNTIL 2011 IN COORDINATED WAY
Noyan Tapan
Ma y 19, 2008
YEREVAN, MAY 19, NOYAN TAPAN. "Gazprom is a stable and long-term
partner of Armenia," the RA president Serge Sargsian stated during
the May 19 meeting with the chairman of Gazprom company Alexei Miller.
According to a press release submitted by the RA president’s press
service, the sides noted with satisfaction that in recent years
ArmRusgazprom has operated quite efficiently, and the gas consumption
has grown in Armenia, which bears evidence of stable development
of both this company and the Armenian economy. The increase in
gas consumption by the population in recent years was pointed out
as an important achievement. According to the president, thanks to
large-scale work on gas network installation, Armenia has become one
of the countries with the highest indices of gas network installation.
During a discussion on the gas tariff and the price formation,
A. Miller said that Gazprom envisages ensuring equal profitability
for gas supplied both to Russia and abroad. The sides agreed to
coordinate any change in the gas tariff step by step until 2011,
taking into account Gazprom’s 72% stake in ArmRusgazprom company,
as well as to ensure predictability and accessibility for entities
of the Republic of Armenia.
The sides also spoke about negotiations on construction of an oil
refinery and discussed the implementation of other investment program
of Gazprom in Armenia’s energy sector.