Gas Sincerity

GAS SINCERITY

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16:29:18 – 22/02/2010

Though Public Services Regulatory Commission will discuss the
application presented by the ArmRusGasArd Company to increase the gas
price on February 26, the member of the commission Samvel Arabajyan
said on February 22 about his intention to vote for the increase. But,
as the commission was expected it is not going to increase the price
as much as the company requested but only by 40 dram- from 96 to 136
per one cubic-meter.

Hardly Samvel Arabajyan will be in the minority in the committee by
voting for the price enhancement. Otherwise he would not have dared to
publicly declare its position before the session of the commission. In
any case, it is clear that the committee will follow the beaten path:
the application will not be refused but the requested price will be
slightly reduced.

This mode of work is not ruled out to be agreed between the members
of the commission and the company from the point that the company
sets a number which is a little exaggerated and can be reduced with
the help of which the Public Services Regulatory Commission gets the
possibility of an image corresponding to its name.

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