Gazprom Armenia to compensate Russian gas price growth by cutting expenses

ITAR-TASS
January 02, 2019 Wednesday 11:41 PM GMT


Gazprom Armenia to compensate Russian gas price growth by cutting expenses

YEREVAN January 3

The Russian gas price will not grow for Armenian consumers on account of reduction of costs of Gazprom Armenia, the subsidiary of the Russian gas holding dealing with natural gas supplies and sales, press secretary of the Armenia’s Prime Minister Arman Egoyan told TASS on Wednesday.

YEREVAN, January 3. /TASS/. The Russian gas price will not grow for Armenian consumers on account of reduction of costs of Gazprom Armenia, the subsidiary of the Russian gas holding dealing with natural gas supplies and sales, press secretary of the Armenia’s Prime Minister Arman Egoyan told TASS on Wednesday.

The price of Russian gas on the border with Georgia will grow but domestic tariffs will remain the same, Acting Prime Minister of Armenia Nikol Pashinyan said earlier.

"There is no talk about the subsidy from the government. The gas price for consumers will remain the same on account of reduction of expenses and performance improvement of Gazprom Armenia," the press secretary said.

The Russian gas price for Armenia was reconsidered from January 1, the Gazprom’s press service said earlier. It will total $165 per 1,000 cubic meters. The earlier price for Armenia was $150 per thousand cubic meters of gas.

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS