GAZPROM AND ARMENIA AGREE ON MID-TERM GAS PRICE

RosBusinessConsulting
May 19 2008
Russia

RBC, 19.05.2008, Moscow 19:19:19.At their meeting today, Gazprom’s
Chairman Alexei Miller, and Armenia’s President Serzh Sargsyan and
Prime Minister Tigran Sargsian agreed to sign a mid-term gas supply
contract. Until January 2009, Armenia will be buying Russian gas at
$110 per 1,000 cubic meters. By 2011, the countries expect Armenia
(as well as Russia’s domestic consumers) to pay European-level prices,
Gazprom’s press office reported.