ARMENIA EXPECTS TALKS ON GAS PRICES IN 2009-2011 TO CONCLUDE BY AUTUMN

Interfax News Agency
May 27 2008
Russia

Armenia expects to conclude talks with Gazprom (RTS: GAZP) on the
price of gas deliveries in 2009-2011 over the coming two-three months,
Energy and Natural Resources Minister Armen Movsiyan told journalists
on Tuesday.

A working group from Moscow is currently in Armenia to discuss the
gas price. "We are trying to agree our approaches over the next few
years on the prices for gas," he said.

Armenia will pay $110 per 1,000 cubic meters for gas from Gazprom to
the end of 2008. Gazprom has proposed raising the price in 2009 to
$165 per 1,000 cubic meters.