Gas Price To Get Increased

GAS PRICE TO GET INCREASED

Panorama.am
19:54 23/09/2008

The new gas price has been defined and a contract with the Russian
side is signed. In a meeting with the journalists the director of
"Armrusgasard" company Karen Karapetyan said that starting from April
1, 2009 gas will be provided to Armenia in a new price – 154 USD for
1000 cubic meter.

After a year the price will be again increased; in 2010 Armenian
consumers will have to pay for 1000 cubic meters 200 USD. According to
Mr. Karapetyan the price will be get increased gradually and Armenian
consumers won’t feel extreme negative influence.

The President of Armenia Serzh Sargsyan and the director of the
company Karen Karapetyan called the signed contract "exclusive". The
President commented that the exclusive price is connected with the
exclusive relationship between the countries.