Armenia continues negotiations with Russia over gas price subsidizing, Energy Minister said promising to announce the results of talks in a few days.

As Armen Movsisyan told a July 10 news conference, “talks are in progress to find the source of subsidizing gas tariffs at 30%, to be refunded through grants.”

Earlier, ArmRosgazprom CJSC addressed Armenia’s Public Services Regulatory Commission with an offer to reconsider natural gas prices, as well as the prices for the services of gas supply operator (ArmRosgazprom CJSC), gas distribution (ArmRosgazprom CJSC) and gas transportation (Transgas CJSC and ArmRosgazprom).

The new price for 1 cubic meter of gas was set at AMD 156 up from AMD 132.