Regulator extends Gazprom Armenia gas supplies license

ArmInfo. Public Services  Regulations Commission of Armenia at December 21 session extended the  term of validity of Gazprom Armenia gas supplies license

According to Seda Shahinyan, the Head of legal and licenses  department of PSRC, the license will be valid until January 1, 2019,  and  the matter concerns exclusively Russian gas supplies. What is to  Iranian gas, this process is regulated by other legal documents. 

To remind, Armenian Government at its December 1 session approved the  Protocol on Amendments to the Agreement between the Government of  Armenia and Government of Russian Federation on the procedures of  price generation in respect to natural gas supplies from Russian  Federation to the Republic of Armenia. According to the document,  starting from January 1, 2017, the Russian natural gas  supplies will  be implemented at the price of USD 150 for 1 cubic meter. Cureently  Russian is the main gas supplier for Armenia. According to the  indicative balance, Russia implements natural gas supplies within  up  to 2- 2,5 bln cubic meters volumes  annually. 

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 maintains 1685 km of  main gas pipes and 14  600 km of high, medium and low pressure gas channels and supporting  units.