Energy

 

Gazprom Armenia to compensate Russian gas price growth by cutting expenses
/Jan 03/ITAR-TASS/

The Russian gas price will not grow for Armenian consumers on account of reduction of costs of Gazprom Armenia, the subsidiary of the Russian gas holding dealing with natural gas supplies and sales, press secretary of the Armenia’s Prime Minister Arman Egoyan told TASS on Wednesday.

YEREVAN, January 3. /TASS/. The Russian gas price will not grow for Armenian consumers on account of reduction of costs of Gazprom Armenia, the subsidiary of the Russian gas holding dealing with natural gas supplies and sales, press secretary of the Armenia’s Prime Minister Arman Egoyan told TASS on Wednesday.

The price of Russian gas on the border with Georgia will grow but domestic tariffs will remain the same, Acting Prime Minister of Armenia Nikol Pashinyan said earlier.

"There is no talk about the subsidy from the government. The gas price for consumers will remain the same on account of reduction of expenses and performance improvement of Gazprom Armenia," the press secretary said.

The Russian gas price for Armenia was reconsidered from January 1, the Gazprom’s press service said earlier. It will total $165 per 1,000 cubic meters. The earlier price for Armenia was $150 per thousand cubic meters of gas.


Electricity tariff to be lowered for socially vulnerable families
/Jan 8/ArmenPress.am/
YEREVAN – A positive outcome has been reached as a result of revising the electricity tariff, and the tariff will be lowered for socially vulnerable families, PM Nikol Pashinyan’s adviser Artak Manukyan said on Facebook.

He said that the revision concluded two possible options, one being the reduction of tariffs for all consumers by 0,37 drams beginning from February 1, 2019, and the second option was lowering the tariff only for the socially vulnerable by 10 drams. “The second option was chosen, which, in my opinion, is again a sectoral and not strategic approach,” Manukyan said.

From February 1, socially vulnerable families will pay 30 drams per kilowatt an hour for the daytime tariff, and 20 drams for the nighttime tariff. The current tariff is 40 drams and 30 drams respectively.
 

Petrol prices go down in Armenia
/Jan 8/Aysor/

Price for petrol has gone down in Armenia.

In some gas stations the price for regular petrol has reduced to 410 AMD and today in the morning in some it reduced even to 400 AMD.

This is the second flow of reduction of petrol price during the holidays. Before this, the prices have lowered from 490-480 to 430-440 AMD for a litter.


Armenia mulls purchasing Iranian gas — premier
/Jan 8-TASS/

YEREVAN – Armenia keeps discussing the possibility of natural gas deliveries from Iran, Armenia’s acting Prime Minister Nikol Pashinyan told reporters on Monday.

"The issue of Iranian gas deliveries is always on the agenda. We will keep discussing this matter until we find a practical and advantageous solution," the Armenian leader said.

He added that Yerevan will keep negotiating with Russia on the gas price.

"We continue the negotiations and will do our best to defend the interests of our country," the acting premier said.

The Russian gas price for Armenia was reconsidered from January 1, the Gazprom’s press service said earlier. It will total $165 per 1,000 cubic meters. The earlier price for Armenia was $150 per thousand cubic meters of gas. Russian gas deliveries to the country stood at 1.87 billion cubic meters in 2016, and at 2 billion cubic meters in 2017.

Armenia’s authorities have repeatedly said that they were negotiating a reduction of prices for natural gas with the Russian side. Natural gas is supplied to Armenia by Gazprom’s subsidiary Gazprom Armenia.
 

Gazprom may cut down investments in Armenia: Russian media
/Jan 9/Panorama/

The Russian natural gas giant, Gazprom may reduce investments in Armenia following the government change in the country, Kommersant reported, commenting on the recent increase in the Russian gas tariffs.

The newspaper says that Gazprom was able to strike a deal with Yerevan on raising its wholesale gas price for Armenia from $150 to $165 per 1,000 cubic meters starting from 2019. However, Kommersant says, the price was increased for Gazprom Armenia, but Armenian authorities are not ready to raise domestic tariffs. 

The additional agreement on the gas price hike was signed by Gazprom Chairman Alexander Miller and Armenian Acting Deputy Prime Minister Mher Grigoryan on 31 December.

According to experts interviewed by the newspaper, Gazprom could cancel the internal discount, due to which its subsidiary Gazprom Armenia was able to invest in the country's infrastructure.

Kommersant reminds that the Russian company is the only gas supplier to Armenian consumers. In 2013, Gazprom and Gazprom Armenia signed a contract for up to 2.5 billion cubic meters of Russian gas to be supplied annually to Armenia between 2014–2018. In 2015, Gazprom supplied 1.9 billion cubic meters of gas to Armenia. 

Yet, Gazprom had to hold talks on additional agreements with the new Armenian authorities when Nikol Pashinyan was elected prime minister after a revolution in the spring of 2018, the article says, highlighting the complicated relations between Russian state agencies and Armenia since the government change. The article referred to the reported tax fraud cases in Gazprom Armenia.

Kommersant says Gazprom refrained from commenting on the outcomes of the gas talks, while Acting Deputy Prime Minister Mher Grigoryan told RFE/RL’s Armenian service that the government and Gazprom Armenia will start discussions on the issue this week and the talks may drag for months.

The article next quoted Pashinyan's spokesman Arman Yeghoyan as telling TASS that the government is not planning any subsidies and the prices will remain unchanged due to ‘internal regulations. Meantime, Pashinyan told reporters on Monday Armenia keeps discussing the possibility of natural gas deliveries from Iran.

Kommersant next presented the opinions of some Russian experts on the issue. Particularly, Andrey Polischuk, an analyst with Raiffeisen bank, predicts a decline in Gazprom Armenia’s profit margins amid new arrangements between Gazprom and the Armenian authorities, but doesn’t expect critical outcomes.

Alexey Grivach from the National Energy Security Fund believes that the discount that Gazprom provided to Gazprom Armenia to secure investments in infrastructure development has been partially revoked.

According to the expert, given the Armenian authorities’ drastic steps against the Gazprom subsidiary, it would be strange to expect the resource to maintain in Armenia, however, he added, this might be the subject of further negotiations. 
 

Gazprom Armenia, Armenian government to negotiate over gas tariff until finding effective solution: acting deputy PM
/Jan 9/Aysor/

Negotiations between Gazprom Armenia and Armenian government have launched from January 8 over gas tariff for inner consumers and will end after an effective solution will be found, acting deputy PM Mher Grigoryan told Aysor.am.

“The agenda of the negotiations includes the issue of rise of gas tariff for Armenia and its impact on inner consumers. According to the reached arrangement, Gazprom Armenia will not submit application on review of gas tariff,” Mher Grigoryan said.

From 2019 Russia has set $165 price for 1,000 cubic meters of gas, against previous $150.

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