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Russia lowers gas prices for Armenia by $24 to $165 per 1,000 cubic meters

Russia is currently the main supplier of oil products to Armenia

© ITAR-TASS/Vadim Denisov

MOSCOW, September 7. /TASS/. The Russian Energy Ministry and the Ministry of Energy and Natural Resources of Armenia signed a protocol amending the agreement on the formation of prices for the supply of natural gas to Armenia. The document establishes the legal reduction of the base price for the supplies of Russian gas to Armenia from $189 to $165 per 1,000 cubic meters, the Russian Energy Ministry said Monday.

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Riots in Armenia designed to 'squeeze' Russia out of Caucasus

The document also defines the basic conditions for ensuring proper functioning of Gazprom Armenia.

Russian Energy Minister Alexander Novak said that Russia is currently the main supplier of oil products to Armenia. In the current year about 70,000 tonnes of oil products was delivered to the county duty free. Duty free supplies of natural gas to Armenia amounted to more than 1 bln cubic meters.

In 1H 2015, Gazprom supplied 886 mln cubic meters of gas to Armenia.

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Armenia Oil & Gas

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