Armenia is negotiating mechanisms of fixed gas pricing for a ten-year period with Gazprom’s subsidiary Gazprom Armenia should the company announce an increase in the gas tariff, chairman of Armenia’s Public Services Regulatory Commission Garegin Baghramyan told reporters on Saturday, reported Russian state news agency TASS.

“Today’s talks are aimed at fixing gas pricing mechanisms for a ten-year period if Gazprom Armenia submits an application on gas tariff change. That will, of course, be connected both with investments and the results of those investments,” he said.