Gazprom plans to complete gas price talks with E.ON soonJune 20, 2012 - 15:10 AMT PanARMENIAN.Net - Russian gas giant Gazprom plans to complete talks with Germany's E.ON Ruhrgas about lower gas prices in the nearest future, Gazprom export head Alexander Medvedev said on Wednesday, June 20, RIA Novosti reported. "We have completed negotiations with all partners to adjust prices except three firms: Germany's E.ON Ruhrgas and RWE Transgas, and Polish PGNiG," Medvedev told a news conference. This spring Medvedev said that the company reduced the gas price by 10 percent on average in its long-term contracts with several European consumers including France's GDF Suez, Slovakia's SPP and Turkey's Botas. Gazprom's prices stipulated in long-term gas supply contracts have long been the subject of heated debates with European partners, in particular with E.ON and RWE, which want a spot price mechanism to obtain cheaper gas. In July 2011, Gazprom made concessions to Italy's Edison S.p.A, which was the first to file a suit against Gazprom, but dropped it after Gazprom agreed to introduce a spot element into the price formula. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenia: Protesters march to parliament, some spend the night on street The protesters did not disperse despite heavy rain that began at around 2 a.m. local time. Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. |