Armenia has announced that it plans to reduce the gas price for domestic consumers for the second time this year.
The second decline in gas price comes after Gazprom negotiated a lower transit fee with Georgia and cash payments rather than gas.
Previously Georgia took 10% of the Russian gas it delivered to Armenia.
Russia reduced the gas price for Armenia from $165 to $150/”000 m³ in April, which led to the first gas price fall in July.
A spokesperson for the public services regulatory commission (PSRC) of Armenia, Mariam Stepanyan, said Gazprom Armenia (100% owned by Gazprom) had applied to the PSRC with the request for the revision of tariffs for gas.
Currently Armenians pay $210-242/”000 m³ for gas, depending on what category of consumer they belong to.
Armenia’s energy ministry announced November 2, 2016, that the country has signed a memorandum of understanding to increase gas imports from Iran as well.
Iran barters about 1mn m³/d of gas for Armenian power. Iran has also announced a plan to triple gas exports to Armenia by 2019 and will also sell gas to Georgia through Armenia.