Providing for 100% of Russian shares in Armrusgasprom will stabilize gas price in coming five years: Galust Sahakyan
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YEREVAN, JUNE 24, ARMENPRESS: Making the Gazprom’s share in Armrusgasprom 100% will provide Armenia with the opportunity to keep the tariff for the natural gas unchanged during the forthcoming five years. This was stated by the Head of the Republican Party of Armenia faction at the National Assembly Galust Sahakyan at the press conference held on June 24.
“We pay half the price for the gas from the Russian Federation. Russia is our strategic partner and we will not go the way, where Russia is for compromises and we are not”, - said Galust Sahakyan, as reported by Armenpress.
As earlier stated by the Minister of Energy and Natural Resources of Armenia Armen Movsisyan, at this moment the negotiations are in the process and no deal has been yet made in giving the 20% of the shares of the Government of the Republic of Armenia in Armrusgasprom to the Gazprom.
The Minister of Energy and Natural Resources of the Republic of Armenia Armen Movsisyan and the Deputy Chairman ofthe Board ofDirectors and the Chairman ofthe Management Committee of the Gazprom OJSC 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%.