A possible reduction in the gas tariff is problematic, since it may undermine the system, Gazprom Armenia CEO Hrant Tadevosyan said at the National Assembly on Thursday.

“If we don’t want to reduce the gas price through disrupting the system, we should discuss the issue,” he said, adding a final conclusion on the issue will be drawn at the end of 2016, when all discussions are completed.

At the sitting of a parliamentary commission on gas and electricity tariffs earlier on Thursday, Tadevosyan said that the gas sales price is 255 dollars, while the average entry price is 150 dollars “Gazprom Armenia’s margin is 62 dollars. Our spending is greater than revenues, while the issue of finding additional reserves is controversial,” he said.

Tadevosyan did not agree with the claims that the gas contract concluded with Russia features ‘humiliating’ points, stressing all the points of the contract are in the best interests of Armenia.

Meantime, he didn’t rule out possible overspending inside the company.