Russia ready to reduce gas price supplied to Armenia

The Russian party is ready to reduce gas price supplied to Armenia.

The meeting of the Armenian and Russian Presidents was due in Moscow Monday. The main topic of the talks was the economic cooperation, particularly in the field of energy.

According to the Kommersant, Russia considers Armenia its strategic partner in the region and is ready to help it overcome the economic crisis by reducing the gas price Russia supplies to Armenia. Instead, Russia will get access to the construction works of the Atomic Power Station, a deal worth 2-5 billion euros.

According to Gasprom sources, the company is holding talks on reducing gas price supplied to Yerevan. In 2010 gas price for a thousand cubic meters supplied to Armenia will be $180 instead of $200. The source highlights that the reduction is not merely conditioned by the goodwill of the Russian party. Gas price reduction for Europe is also foreseen next year. This is what provides opportunity for Gasprom to review the price policy for the countries standing close to Russia, among which the Kremlin also sees Armenia.