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Russian gas giant Gazprom will supply Armenia with gas for $165 per 1,000 cubic metres in 2019, RIA Novosti reported quoting Gazprom.

Earlier, the Armenian authorities repeatedly stated that they are negotiating with the Russian side on reduction of the gas price. In 2018, Armenia received gas at the border with Russia at $ 150 per 1,000 cubic meters (it was reduced to this level from $165 in 2016), while the price of gas for consumers was $290.

The contract between Gazprom Export and Gazprom Armenia for the supplies of up to 2.5 billion cubic meters of Russian gas per year will be in effect until the end of 2019.

Gazprom Armenia, a subsidiary of Russian gas giant Gazprom supplies gas to Armenia.

 

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