Russian gas for Armenia for USD 180

From April 1, 2010 Russia will supply Armenia with natural gas at USD 180 per 1,000 cubic metres, Armenian Energy and Natural Resources Minister Armen Movsisian has stated. Initially a price of USD 200 was being suggested but due to the efforts of Armenian side the price was brought down.

Meanwhile Russia is offering to build Armenia a nuclear power station. Russian state corporation Rostat has made this offer, suggesting it build a facility like the one it constructed in Belen, Bulgaria. The Armenian side denies the rumour that Russia has reduced the gas price because a secret deal has been done to let it build the power station, but we’ll see.