Russia, Armenia agreed on gas prices – President Sargsyan

Russia, Armenia agreed on gas prices – President Sargsyan

PanARMENIAN.Net - Russia and Armenia have reached agreement on Russian gas supply prices, President Serzh Sargsyan said.

“The price of gas supplied to Armenia should be based on market prices, in line with regional tariff prices when maintaining economic efficiency,” President Sargsyan said.

In early July, Armenian media outlets disseminated information on possible surge of Russian gas starting October 1, 2012, with 1,000 cubic meters of gas on border with Armenia to cost $280.

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The Energy Minister thanked “our friendly country, Armenia” and his Armenian counterpart “for providing a huge assistance”.
"There have been no new talks on gas exports to Europe, but there are routes and facilities which we need to use," Majedi said.
"We are particularly pleased by a 15 percent rise in lending to small and medium-sized businesses,” the bank’s financial director said.
It also signed 33 Reimbursable Advisory Service agreements with 11 countries in the region for a total amount of $45 million.
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