Wednesday, November 30 2016 16:49
Alexandr Avanesov

Gazprom Armenia: Natural gas tariff will not be increased

Gazprom Armenia: Natural gas tariff will not be increased

ArmInfo. The natural gas supplies tariff  will not be increased, because exactly the decreased tariff  includes all the investments of Gazprom Armenia, Gazprom  Armenia JSC statement reads in respect to some publications in mass media regarding possible increase of  gas tariff in 2018.

According to the source, proceeding of the Investment Project of the Company for upcoming three years, it becomes obvious that there will be no need to increase the gas tariff in 2018, because there are nvestments planned to make at AMD 13.6 bln and  AMD 18 bln  in 2017 and 2018 respectively, which is already fixed in new tariff. The new Investment Project was submitted to the PSRC ( Public Services Regulatin Commission) on November 15, 2016. Based on results of discussions at PSRC, there are no modifications to be mede in the Project.

To remind, the Public Services Regulatory Commission of Armenia (PSRC) at its  November 25 session approved Gazprom Armenia's request about revision of the natural gas tariffs for consumers in Armenia. The new tariffs will come into effect on 1 Jan 2017.   When presenting the draft decision, Garegin Baghramyan, Head of the PSRC Department for Tariff Policy, said that the company's request envisages diversification of subscribers and tariffs in five groups: 1. The subscribers having the right to social allowances and consuming less than 600 cu m of gas per annum will pay 100 thsd AMD per 1 thsd cu m; 2.  Greenhouse facilities will pay 212 conventional units per 1 thsd cu m from November 1 till March 31; 3. Processing enterprises will pay 212 conventional units per 1 thsd cu m; 4. Subscribers consuming less than 10 thsd cu m per month will pay 139 thsd AMD per 1 thsd cu m; 5.  Subscribers consuming more than 10 thsd cu m of gas per month will pay 242.1 conventional units per 1 thsd cu m. Previously, Gazprom Armenia requested the Public Services Regulatory Commission (PSRC) of Armenia to revise the gas tariffs to prevent a decline in gas nsumption, create favorable conditions for stabilization of the gas consumption market, growth of gas consumption, as well as for stimulation of the gas consuming companies' activities.  Gazprom Armenia CJSC took into ount the expected decline in the price of natural gas transit via Georgia. The contract on transit of natural gas to Armenia expires in late 2016 and that a new contract should be signed between Gazprom Export LLC (the gas supplier to Armenia) and Georgian Gas Transportation Company LLC. Gazprom Armenia also took into account that consumption is expected to grow due to the reduction in natural gas tariffs for the consumers of Armenia.  Gazprom - the sole shareholder of Gazprom Armenia CJSC - is expected to finance the possible risks. To recall, once appointed Prime Minister, Karen Karapetyan stressed the need to revise the gas and electricity tariffs.  He also pointed out the need to reduce impact of the tariffs on the vulnerable social groups, as well as to ensure a galvanizing effect of the tariffs on business development, specifically in agriculture and processing industry. Gazprom Armenia CJSC is a 100% subsidiary of the Russian Gazprom and the supplier of natural gas to the domestic market of Armenia. The gas transportation system comprises 1685 km gas pipes, 14600 km gas pipes of high, medium and low pressure, and supporting constructions.  Gazprom Armenia is one of the leading companies in Armenia, occupying leading positions in Armenian economy.

POST A COMMENT
Input digits     


News
Transavia airline starts operating route Lyon-Yerevan-LyonTransavia airline starts operating route Lyon-Yerevan-Lyon
EAEU and its economic principles should not be mixed with political  ambitions - Nikol PashinyanEAEU and its economic principles should not be mixed with political  ambitions - Nikol Pashinyan
Armenia, Australia to strengthen cooperation in high-tech field Armenia, Australia to strengthen cooperation in high-tech field 
Leasing EXPO -2024 officially opened in YerevanLeasing EXPO -2024 officially opened in Yerevan
Araratbank to double leasing portfolio by end of 2024Araratbank to double leasing portfolio by end of 2024
Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis 
Economy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s productsEconomy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s products
Info about IT specialists leaving Armenia en masse has nothing to do  with reality - premierInfo about IT specialists leaving Armenia en masse has nothing to do  with reality - premier
WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% 
Government is ready to share risks with agricultural insurersGovernment is ready to share risks with agricultural insurers
EIB to issue loan under energy efficiency programme to Armenia EIB to issue loan under energy efficiency programme to Armenia 
Deadline for filing personal income declarations in Armenia may be  extendedDeadline for filing personal income declarations in Armenia may be  extended
ADB intends to expand its areas of activity in ArmeniaADB intends to expand its areas of activity in Armenia
ADB forecasts 5.7% economic growth for Armenia in 2024ADB forecasts 5.7% economic growth for Armenia in 2024
Conversebank to present its Converse Leasing product at annual  Leasing ExpoConversebank to present its Converse Leasing product at annual  Leasing Expo
By rebranding, INGO Armenia IC begins new stage of developmentBy rebranding, INGO Armenia IC begins new stage of development
Some countries refusal to service Russian Mir bank cards against  common interests - Elvira NabiullinaSome countries refusal to service Russian Mir bank cards against  common interests - Elvira Nabiullina
USAID to invest additional $33mln in Armenia`s economy USAID to invest additional $33mln in Armenia`s economy 
Idplus Bonuses in Idram&IDBank ApplicationIdplus Bonuses in Idram&IDBank Application
Deputy PM: we are ready for any assistance to contribute cargo  aviation establishmentDeputy PM: we are ready for any assistance to contribute cargo  aviation establishment
Mkhitar Hayrapetyan on TV broadcasting agreement with RF: If our  proposals are not taken into account, we do not rule out possibility  of terminating agreement unilaterallyMkhitar Hayrapetyan on TV broadcasting agreement with RF: If our  proposals are not taken into account, we do not rule out possibility  of terminating agreement unilaterally
Armenia, Iran discuss organization of joint production in various  branches of economy Armenia, Iran discuss organization of joint production in various  branches of economy 
ADB ready to fund northern section of Sisian-Kajaran highway of  North-South transport corridor  ADB ready to fund northern section of Sisian-Kajaran highway of  North-South transport corridor  
Armenia`s Ministry of High-Tech Industry developing sectoral strategy Armenia`s Ministry of High-Tech Industry developing sectoral strategy 
Armenia`s footwear exports to Russia 11 times up Armenia`s footwear exports to Russia 11 times up 
EDB sets course for digital future of transportation at joint EEC and  ESCAP eventEDB sets course for digital future of transportation at joint EEC and  ESCAP event
Team`s Next Generation Networ is already available in AshtarakTeam`s Next Generation Networ is already available in Ashtarak
Kazakhstan`s potential exports to Armenia total $350mln - minister Kazakhstan`s potential exports to Armenia total $350mln - minister 
Armenia`s economy to face crisis if Moscow severs economic ties with  Yerevan - ex-premier Armenia`s economy to face crisis if Moscow severs economic ties with  Yerevan - ex-premier 
Acquisition of Ameriabank by BOGG PLC int`l financial group completedAcquisition of Ameriabank by BOGG PLC int`l financial group completed
Armenian service sector generated revenue of $1.2 billion in first  two monthsArmenian service sector generated revenue of $1.2 billion in first  two months
EEC: EAEU common electricity market is at high level of readinessEEC: EAEU common electricity market is at high level of readiness
Armenia`s metallurgical industry increased production volumes by 37%  in first 2 monthsArmenia`s metallurgical industry increased production volumes by 37%  in first 2 months
Idram and IDBank participated in the signing ceremony of the Declaration of Women`s Empowerment PrinciplesIdram and IDBank participated in the signing ceremony of the Declaration of Women`s Empowerment Principles
US supports building of strong transport corridor from Turkiye  to  Central AsiaUS supports building of strong transport corridor from Turkiye  to  Central Asia
EFSD contributes to modernization of Armenia`s irrigation systemEFSD contributes to modernization of Armenia`s irrigation system
ADB to issue EUR 60.09mln loan to Armenia for urban development  programmes ADB to issue EUR 60.09mln loan to Armenia for urban development  programmes 
EIB to issue EUR 25mln loan to Armenia for 2nd phase of energy  efficiency programme in Yerevan EIB to issue EUR 25mln loan to Armenia for 2nd phase of energy  efficiency programme in Yerevan 
Armenia`s clothing exports to Russia 1.5 times up Armenia`s clothing exports to Russia 1.5 times up 
Armenia needs alternative if leaves EAEU - expert Armenia needs alternative if leaves EAEU - expert 
Diagnosis from Prime Minister: Armenia`s irrigation system is deadDiagnosis from Prime Minister: Armenia`s irrigation system is dead
CECC business mission to visit Armenia  CECC business mission to visit Armenia  
Armenia joins International Solar AllianceArmenia joins International Solar Alliance
Armenian NPP to be under maintenance repair Armenian NPP to be under maintenance repair 
Brett King: Banks should be ready to implement AIBrett King: Banks should be ready to implement AI
Expert: There is no alternative to digital transformationExpert: There is no alternative to digital transformation
Arman Barseghyan: technically, Ameriabank is a digital bank Arman Barseghyan: technically, Ameriabank is a digital bank 
1.2% y-o-y inflation in Armenia`s consumer market in March 2024 was  caused by drop in food prices 1.2% y-o-y inflation in Armenia`s consumer market in March 2024 was  caused by drop in food prices 
Zakharova assures: consequences of stopping service of MIR cards in  Armenia to be higher than hypothetical damage of Western restrictionsZakharova assures: consequences of stopping service of MIR cards in  Armenia to be higher than hypothetical damage of Western restrictions
Amulsar`s development to start in late 2024 or early 2025: Babken  TunyanAmulsar`s development to start in late 2024 or early 2025: Babken  Tunyan
Armenia`s economic authorities ready to reduce size of proposed state  duty on export of gold, platinum and palladium barsArmenia`s economic authorities ready to reduce size of proposed state  duty on export of gold, platinum and palladium bars
Armenia`s government proposes new mechanism top encourage honest  taxpayers Armenia`s government proposes new mechanism top encourage honest  taxpayers 
Delay in Armenia-Georgia power line construction directly related to  Yerevan`s Delay in Armenia-Georgia power line construction directly related to  Yerevan`s "enclave policy" - professor 
4.017.648 Drams to My Forest Armenia: April Beneficiary of The Power of One Dram is 4090 Foundation4.017.648 Drams to My Forest Armenia: April Beneficiary of The Power of One Dram is 4090 Foundation
AraratBank: General Partner of Face-to-Face Regional ForumAraratBank: General Partner of Face-to-Face Regional Forum
"Ucom", "Team Telecom" and "Rostelecom" also turned off broadcast of  TV show with participation of Vladimir Solovyov
Armenia`s State Revenue Committee to tighten rules for duty-free  import of goods for personal use  Armenia`s State Revenue Committee to tighten rules for duty-free  import of goods for personal use  
CBA gives preliminary consent to purchase of Ameriabank by Bank of  GeorgiaCBA gives preliminary consent to purchase of Ameriabank by Bank of  Georgia
Government is working to diversify sales markets so as not to depend  on one market - MPGovernment is working to diversify sales markets so as not to depend  on one market - MP
Armenia intends to join electronic information exchange protocol  between tax authorities of EAEU statesArmenia intends to join electronic information exchange protocol  between tax authorities of EAEU states
Read more


Exchange rates
12.04.2024
RUB4.210.03
USD393.842.38
EUR419.32-0.72
GBP491.120.27
CAD286.450.42
JPY25.700.13
CNY54.420.33
CHF431.131.94