Armenia ready to discuss below-$189 gas price with Iran: Energy Minister

Armenia ready to discuss below-$189 gas price with Iran: Energy Minister

PanARMENIAN.Net - Iranian gas supplies will cost Armenia much more than Russia-provided gas, with Tehran seeking to sell gas at international prices, Energy Minister said.

As Armen Movsisyan stated in parliament, “though ready to provide necessary amounts of gas, Iran offers a price of $400 per 1000 cubic meters against Russia-offered $189, with the deal not beneficial to Armenia.” “Should Iran agree to lower the price to $100, I’m ready to start negotiations immediately,” the Armenian official said.

In conclusion, the minister noted that construction of Meghri hydropower plant may launch in 2014, with project work already completed.

 Top stories
The PM said the impact of the agreement on ordinary consumers will be announced once relevant authorities consider the issue.
Azerbaijan is highly dependent on oil revenues and its preliminary 2016 budget indicates reductions in military spending, the report says.
Karen Chshmarityan stressed the importance of developing bilateral ties within the Eurasian Economic Union.
"It remains therefore ideally positioned to be the home base for a global financial institution such as HSBC," the bank said.
Partner news