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
“A 10% credit portfolio upsurge was registered in the first 7 months of 2014, with the bank planning to bring the figure to $550M,” Sahakyan said.
The revised figures are based on the forecast for the Russian economy to contract by 1.0% in 2014, followed by stagnation in 2015.
“The key powers in the region are unlikely to favor an outbreak of conflict on their southern and eastern flanks,” the report says.
The Commission aims to compensate producers who decide to not harvest some of their goods or give products away for free.
Partner news