Gazprom will bear risks of gas tariff reduction in Armenia: PSRC chiefNovember 7, 2016 - 17:24 AMT PanARMENIAN.Net - Russia's Gazprom - the owner of Armenia’s national gas distributing company Gazprom Armenia- will bear all the risks stemming from the reduction of gas tariff in Armenia, chief of the Public Services Regulatory Commission (PSRC) Robert Nazaryan said on Monday, November 7. According to him, the PSRC plans to revise the tariff for gas before the end of November, but the final decision will come into effect in January 2017, set to be valid for a year. Also, Nazaryan said, the PSRC has started a revision of electricity tariffs for consumers, looking to decrease the price. "We have already notified all energy-generating companies that we have begun the revision process and invited them to present their positions," Nazaryan said, adding that the final decision will be made before the end of the year to become effective from February 1 next year. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |