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At Wednesday’s Cabinet session, the government of Armenia confirmed the presidential draft executive order on confirming the protocol as regards making amendments in the agreement between the Armenian and Russian governments, and with respect to the procedure for the setting of prices when delivering natural gas to Armenia.

Subsequently, this draft executive order will be sent to the President for approval.

According to the draft, the Russian natural gas price for Armenia will be $150 for 1,000 cubic meters, and from January 1 to December 31, 2018.

“The signing of this Protocol will contribute to the creation of favorable conditions for mutually beneficial cooperation, development of economic ties, continuation of the increase of business activeness between the two countries,” reads the explanation for this draft executive order.

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