Wednesday, November 21 2018 16:01
Naira Badalian

Energy Ministry: Restriction on gas tariff reduction will possibly be  cancelled for Armenia

Energy Ministry: Restriction on gas tariff reduction will possibly be  cancelled for Armenia

ArmInfo. Negotiations on the reduction of gas tariffs continue, Acting Minister of Energy Infrastructures and Natural Resources of Armenia Garegin Baghramyan  stated at a press conference on November 21. According to him, in the  near future, the restriction on the reduction of the gas tariff for  Armenia may be cancelled.

As Garegin Baghramyan pointed out, at this stage it is early to talk  about any results. A working group has been set up on the issue,  headed by the Acting Deputy Prime Minister of Armenia, and it  consists of an adviser to the Acting Prime Minister of Armenia,  employees of the Ministry of Energy, Public Services Regulatory  Commission (PSRC). "The working group considers both import tariffs  and internal structural issues," Baghramyan said.

At the same time, as Baghramyan stressed, Armenia can't count on an  identical with Belarus tariff for Russian gas for the simple reason  that Belarus and Russia have a common border. The price of blue fuel  for Armenia is formed taking into account the transit fee through  Georgia.

As for the losses of Gazprom Armenia, which increased from 2016 from  5.37% to 6.69%, the Acting Minister of Energy noted that it was not  only they who determined the current amount of the gas tariff. The  prices existing in the gas supply system, as Baghramyan explained,  are formed on the basis of the provisions enshrined in the  intergovernmental agreements ratified by the Armenian parliament at  the end of 2013 and the beginning of 2014.

"Some provisions of these agreements simply limit the functions of  PSRC. Thus, according to these agreements, the additional income  generated as a result of a reduction in the gas tariff at the border  from $ 189 to $ 165 is kept by the supplier. The revenues were  planned to be spent on upgrading the gas distribution system," he  said, recalling that at that time, prices for final consumers were  not reduced. And only in 2016, when the price of Russian gas at the  border of Armenia decreased from $ 165 to $ 150, the Agreement  stipulated that gas prices for final consumers would decrease  adequately - by 9.3 drams. Then in 2017, the Russian Gazprom  initiated a tariff reduction of $ 15 (including VAT $ 19), which,  according to the Agreement, should be maintained also during 2018.

As Garegin Baghramyan pointed out, today, negotiations are underway  to cancel all of these provisions, since it is precisely because of  these adjustments that the PSRC functions were limited to the maximum  during the last two to three years. At the same time, the Russian  "Gazprom" hopes that, following the results of the negotiations with  the Georgian side, it will be possible to agree on a reduction in the  transit price.

As for the change in the electricity tariff, then, according to  Baghramyan, at this stage the Public Services Regulatory Commission  is conducting the traditional annual study of this issue.

Touching upon the enterprises under the Ministry of Energy, for  example, the Armenian nuclear power plant, the Acting Minister said  that the planned work for 2019 was discussed with the director of the  NPP.  As a result, as Baghramyan explained, it became possible to  reduce the time of suspension of the second turbine generator by  combining certain repairs at the station. The nuclear power plant in  2018 stood for 6 months, which was due to the change of the first  turbine generator. Thus, the revision of the repair schedule will  allow in 2019 to produce more electricity by 200 million kW / h. 

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

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