Armenia is looking forward to Gazprom approving the price for gas to be supplied to Armenia in 2011. Gazprom Vice-President Valeri Golubev stated that the gas price for Ukraine is U.S. 4250 for 1,000 cubic meters. His statement dispels all doubts that the company will supply gas at European prices, U.S. $300. So the gas price for Armenia will hardly exceed U.S. $250. It may be lower as Armenia has over recent years imported gas at lower prices than Ukraine.

Under an agreement signed by Gazprom President Alexander Miller and Armrosgazprom President Karen Karapetyan in 2008, Gazprom is to base its calculations with Armenia on European prices. However, Russia is not going to liberalize its domestic market so any claims that Armenia will have to import gas at European prices are groundless.