Garegin Baghramyan, Armenia’s acting minister of energy and natural resources, told reporters on November 8 that “negotiations are being conducted toward the reduction” of prices, without providing details.
Gazprom sells gas to its Armenia-based subsidiary at a price of $150 per thousand cubic meters of gas.
The Armenian subsidiary, which owns Armenia’s gas-distribution network, then sells it to consumers in the country for about $284 per thousand cubic meters.
Prime Minister Nikol Pashinyan reportedly discussed the price of gas that Moscow supplies to Armenia during his meeting with Russian President Vladimir Putin in Moscow in September. At that time, Putin asserted that Yerevan receives Russian natural gas “at the lowest prices Gazprom sells gas in the world — $150 per 1,000 cubic meters.”
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