Gazprom will sign a new contract on gas supplies to Armenia, says the message issued by ArmRusgasprom.

According to the statement, the new gas price for Armenia will be tied to domestic prices in Russia.

The contract on gas supplies will be signed for 2014-2018. According to the contract, Gazprom will provide an annual supply of 2.5 billion of cubic meters of gas, the cost of which will be calculated in accordance with the pricing formula tied to Russian gas pricing.