Gazprom to raise Armenia's price for gas up to $165 from 2009

April 25, 2008 - 17:40 AMT
PanARMENIAN.Net - On April 23, the Gazprom Board of Director approved the decision to raise prices for natural gas for the CIS and Baltic states.



The new price for Armenia will make $165 for a thousand cu. m. against current $110. The fixed price is not expected to go up during next three years. For the other CIS states, Gazprom plans gradual rise in prices up to the average European level.



Baltic states purchase some 5.5 billion cu. m. gas at the highest price, thus compensating lower prices for the CIS.



Georgia pays relatively high cost $270 for a thousand cu. m. of gas, Gazprom's press office reported.



The giant's CEO Alexey Miller will arrive in Yerevan in May 2008 to negotiate the prices with the Armenian leadership.
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