Thursday, June 27 2019 14:03
Naira Badalian

PSRC Head: In conditions of gas price increase at the border, the tariff for domestic consumers remains the same due to the domestic savings of Gazprom Armenia CJSC

PSRC Head: In conditions of gas price increase at the border, the tariff for domestic consumers remains the same due to the domestic savings of Gazprom Armenia CJSC

ArmInfo. The price for “blue fuel” for the final consumer will be kept at the current level unless there is an  appeal from CJSC “Gazprom Armenia” to increase the gas tariff,. This was stated by Chairman of the Public Services Regulatory Commission (PSRC) of Armenia Garegin Baghramyan in an interview with journalists on June 27 after a government meeting.

According to Baghramyan, negotiations between Yerevan and Moscow on the price of gas for domestic consumers continue. “There is no news yet,” he said. Nevertheless, as the head of the regulator assured, “Gazprom Armenia” continues to compensate for the difference in the tariff due to the increase in gas prices at the border from January 1 of this year at the expense of its domestic savings.

In this context, he urged not to worry, assuring that the state does not accumulate debts and in the future will not “have to” Gazprom and will not appear to somehow subsidize or cover debts.

As for the agreement reached during the last Armenian-Russian intergovernmental commission that, before July 1, 2019, Armenia and Russia should present for discussion a draft agreement on gas pricing mechanisms at the border, according to Baghramian, the document is still on development stage.

In this context, he urged not to worry, assuring that the state does not accumulate debts and in the future will not “owe” Gazprom and will not face the need to somehow subsidize or cover debts.

As for the agreement reached during the last Armenian-Russian intergovernmental commission that, before July 1, 2019, Armenia and Russia should present for discussion a draft agreement on gas pricing mechanisms at the border, according to Baghramyan, the document is still on development stage.

As the head of PSRC recalled, from January 1 of this year, when the tariff on Russian gas at the border amounted to $ 165 per thousand cubic meters, the 5-year agreement between Yerevan and Moscow, based on the price of $ 150, ended. Therefore, it was decided to develop a new agreement, thanks to which the parties will understand how gas prices will be formed for at least the next five years.

Speaking about the possible reduction of “Gazprom Armenia” employees, Garegin Baghramyan said that a by-law act had been adopted earlier that would allow the company to optimize the staff schedule in a certain way - to reduce to 1,000 employees over the next 5 years. At the same time, Baghramyan found it difficult to indicate how many people had already been reduced in the company.

To recall Gazprom’s head Alexei Miller and Acting Deputy Prime Minister of Armenia Mher Grigoryan signed a supplementary agreement to the gas supply contract of “Gazprom Armenia” on December 31, 2018. Since the beginning of 2019 the price of gas for Armenia on the border with Georgia has been set at $ 165 per thousand cubic meters. As Prime Minister Nikol Pashinyan said earlier, the Government of Armenia is not going to subsidize the gas price, and no assets will be transferred in return. Nevertheless, as he assured, in 2019 the price for gas for consumers of Armenia will not change, since they agreed with Gazprom on preserving the internal gas tariff.

Meanwhile, on June 7, at a press conference after the plenary session of the St. Petersburg International Economic Forum, Armenian Prime Minister Nikol Pashinyan, answering the question of ArmInfo correspondent, stated that there is no agreement with Moscow on the price of gas for the consumer. Nikol Pashinyan hopes that an agreement will be reached with Russia, and the price will be such that it will not hamper the further economic development of Armenia. In this regard, an agreement was reached with the President of Russia to intensify negotiations in order to achieve a unified solution.

“In my speech, I said that at present there is a good economic dynamics in Armenia, and presented statistics. This is important not only in the context of bilateral relations, but also in the context of the Eurasian Economic Union, since the EAEU is a common market and a common economic space. Factors affecting the cost of goods and products should be balanced, ”Pashinyan said.

For example, according to the Prime Minister, if the gas tariff in one place in the EEU space is low, it will upset the balance and hit the content of the Union. “So, here we need a very balanced and wise decision. I hope we can come to such a decision,” the head of the Armenian government concluded.

POST A COMMENT
Input digits     


News
Taxable jobs 5% up in Armenia Taxable jobs 5% up in Armenia 
Binance and Binance Academy announce large-scale online educational  project Binance and Binance Academy announce large-scale online educational  project "Crypto School"
ArmSwissBank Brings Apple Pay to CustomersArmSwissBank Brings Apple Pay to Customers
Armenia participates in 80th session of UNESCAPArmenia participates in 80th session of UNESCAP
34th session of FAO Regional Conference will take place on May 14-17,  202434th session of FAO Regional Conference will take place on May 14-17,  2024
Armenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources managementArmenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources management
Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP 
Armenia to study Lithuania`s experience in energy sectorArmenia to study Lithuania`s experience in energy sector
Armenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolioArmenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolio
Caring for nature, we have started with ourselves - Team Telecom ArmeniaCaring for nature, we have started with ourselves - Team Telecom Armenia
Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington 
Monitoring of effectiveness of budget programmes to be conducted in  Armenia Monitoring of effectiveness of budget programmes to be conducted in  Armenia 
Up to 10% cashback from GetTransfer with IDBank cardsUp to 10% cashback from GetTransfer with IDBank cards
South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry 
Armenia, UAE discuss possibilities of increasing mutual trade volumesArmenia, UAE discuss possibilities of increasing mutual trade volumes
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
KfW stands ready to support Armenian government  in implementation of  new projectsKfW stands ready to support Armenian government  in implementation of  new projects
Cooperation with German Fichtner company discussed Cooperation with German Fichtner company discussed 
Armenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MPArmenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MP
U.S. capital important for Armenia`s mining industryU.S. capital important for Armenia`s mining industry
Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisionsExpert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
Armenia introduces new rules for labeling carbonated, non-carbonated  watersArmenia introduces new rules for labeling carbonated, non-carbonated  waters
Arsen Bazikyan: Armenia`s agriculture is transforming into  agribusinessArsen Bazikyan: Armenia`s agriculture is transforming into  agribusiness
Armenia to join e-CMR protocolArmenia to join e-CMR protocol
Armenia`s government changes Kaps reservoir project funding Armenia`s government changes Kaps reservoir project funding 
Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties 
IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%
Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers 
EEC Board decided to liberalize certain categories of precious  metals` import/exportEEC Board decided to liberalize certain categories of precious  metals` import/export
Earthquakes, drought could affect Armenia`s debt sustainability -  EFSDEarthquakes, drought could affect Armenia`s debt sustainability -  EFSD
Converse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 millionConverse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 million
USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia 
Expert: Armenia has the potential to get high-quality and abundant  harvest of apricots this yearExpert: Armenia has the potential to get high-quality and abundant  harvest of apricots this year
EFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and TajikistanEFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and Tajikistan
Armenia is considering appointing attache in Silicon ValleyArmenia is considering appointing attache in Silicon Valley
Astana proposes joint investment programmes in Yerevan Astana proposes joint investment programmes in Yerevan 
Armenia, Kazakhstan have unrealized economic potential - premier Armenia, Kazakhstan have unrealized economic potential - premier 
Armenia, EU discuss expansion of economic cooperation Armenia, EU discuss expansion of economic cooperation 
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 
Read more


Exchange rates
25.04.2024
RUB4.220.04
USD388.60-1.44
EUR416.731.10
GBP485.984.24
CAD284.02-0.58
JPY24.99-0.21
CNY53.63-0.19
CHF425.54-2.14