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Armenia will not benefit if Russian gas is paid in rubles- Gazprom Armenia CEO says

08.09.2015 18:21

Armenia will not benefit if Russian gas is paid in rubles- Gazprom Armenia CEO says

YEREVAN, September 8. / ARKA /. Armenia will not benefit if deliveries of Russian gas are paid in Russian rubles, Armenia’s national Russian-owned natural gas network, Gazprom Armenia CEO Vardan Harutyunyan said in an interview with Gos Armenii (Voice of Armenia) Russian-language semi-weekly.

On Monday  Russian energy ministry and Armenia’s energy and natural resources ministry signed a protocol in Moscow 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. However, the price for households and corporate consumers in Armenia will not be lowered.

Harutyunyan said  Russia is selling gas to other countries for US dollars. He added that Armenia can shift to paying for gas in rubles, but in this case it will have to spend US dollars to buy Russian  rubles, and the problem is that there is not so much rubles in Armenia’s currency market.

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Eurobonds and gas agreement with Russia should reduce risk of increasing pressures connected with funding of Armenian government and increasing energy costs, IMF report says

07.11.2014 16:55

Eurobonds and gas agreement with Russia should reduce risk of increasing pressures connected with funding of Armenian government and increasing energy costs, IMF report says

Placement of Eurobonds and gas agreement with Russia should reduce the risk of increasing pressures connected with funding of the Armenian government and increasing energy costs, according to IMF report ‘The Regional Economic Outlook for the Middle East and Central Asia”

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More expensive prices of gas and electricity to push inflation by 2.5 percent: Central Bank

10.06.2013 17:56

More expensive prices of gas and electricity to push inflation by 2.5 percent: Central Bank

The chairman of Armenia’s Central Bank, Artur Javadyan, told the parliament today that the rise in the prices of gas and electricity to become effective from July 7 will push the inflation rate by 2.5%

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Armenia’s finance system not to be destabilized by imminent gas price rise

03.06.2013 20:45

Armenia’s finance system not to be destabilized by imminent gas price rise

Andranik Grigoryan, chief of the Armenian central bank’s division in charge of stability and development of financial system, speaking Monday at a news conference, said the imminent increase in prices for the imported natural gas will not destabilize Armenia’s finance system

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Areximbank-Gazprombank Group opens credit lines for payment of gas bills

14.11.2011 15:38

Areximbank-Gazprombank Group opens credit lines for payment of gas bills

Areximbank-Gazprombank Group said it has launched a new service for its customers offering credit lines for payment of natural gas bills.

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