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YEREVAN, JUNE 19, ARMENPRESS: The Republic of Armenia has not yet made any deals with the Russian Gazprom, especially in the means of 20% of the shares. This was stated by the Minister of Energy and Natural Resources of the Republic of Armenia Armen Movsisyan at the session held at the National Assembly. “At this moment the negotiations are in the process and no deal has been yet made. The issue of the 20% is currently being discussed: to give or not to give”, - said the Minister, as reported by Armenpress, stating that negotiations on different subjects as well are held. The discussions will be completed by the end of the month. To the question – if in case of obtaining the 20% of the shares, the Russian side would dictate any price – Armen Movsisyan responded that no such problem exists.
The Russian side announced that during the negotiations Armen Movsisyan and Alexey Miller discussed the pricing issues for the Russian gas for the consumers of the Republic of Armenia, as well as the possibility to make the Gazprom’s shares in the Armrusgasprom 100%.
On March 31 2006 the Gazprom and the Government of the Republic of Armenia signed a 25-year agreement on the participation of the Gazprom in the gas and energy projects implementation, carried out in the territory of the Republic. In accordance with the document, it is intended to increase the share of the Gazprom in the Armrusgasprom Company by issuing additional shares.
In the result of the issue of shares, the Gazprom’s share in the Armrusgasprom’s share capital has been increased to 80%.