Russian gas price will remain at $ 150 per 1,000 cubic meters for Armenia during 2018

ArmInfo. The price of Russian  natural gas supplies to Armenia during 2018 will remain at $ 150 per  1,000 cubic meters. The draft decision on amendments to the agreement  of December 2, 2013 between the Armenian and Russian governments on  the procedure for forming prices for Russian gas supplies is included  in the agenda of the upcoming November 30 meeting of the Armenian  government.

As noted in the document's rationale, taking into account the need to  develop energy markets and gas transportation infrastructures, ensure  reliable gas supply, and based on the interests of maintaining a  stable economic state, Gazprom Armenia, which is a backbone  enterprise for the RA economy, is proposed in an intergovernmental  agreement to replace the words December 31, 2017 - December 31, 2018.  This norm means that the price of Russian gas for Armenia until the  end of 2018 will remain unchanged. 

Earlier, on October 24, in Yerevan, Russian Prime Minister Dmitry  Medvedev, in a joint briefing with Armenian counterpart Karen  Karapetyan in the Armenian government, stated that the special gas  price for Armenia will continue in 2018. "A decision has been made,  which is probably of key importance for the Armenian economy: it is  to keep a special price for Armenia for the next year, despite the  fact that before that we agreed on an exit on slightly different  parameters. I think it will contribute to the improvement of the  overall economic and investment situation in Armenia," Medvedev said.

At present, Russia is the main supplier of natural gas to Armenia,  supplied by transit through the territory of Georgia. According to  the indicative balance sheet annually approved between the parties,  the Russian Federation without customs clearance delivers to Armenia  about 2-2.5 billion cubic meters of gas per year.