YEREVAN, December 31. /ARKA/. Gazprom Export LLC and Gazprom Armenia CJSC signed an additional agreement to the contract for the supply of Russian natural gas to the Republic of Armenia, the Gazprom website reported.
It said in accordance with the agreement, from January 1, 2020, the price of natural gas for Armenia will remain at the level of 2019.
On December 31, 2018 Russia’s Gazprom raised the price of natural gas it ships to Armenia across Georgia from $150 per one thousand cubic meters to $165. In 2018, Gazprom supplied 1.94 billion cubic meters of gas to Armenia.
As stated earlier by the Prime Minister of Armenia Nikol Pashinyan, despite this, the price for Armenian users will remain the same. Gazprom-Armenia (a subsidiary of the Russian Gazprom) was obliged to compensate for the increase at the expense of streamlining its expenses.
Although the Russian natural gas is delivered to Armenia by Gazprom at a $165 per one thousand cubic meters, Gazprom’s Armenian subsidiary – Gazprom Armenia – sells it to the bulk of Armenian households at almost $300. Gazprom Armenia also deals with the storage, distribution and sale of gas.