26 Nov 2012 10:49

Armenia, Russia will likely agree on gas price in 2012 - Sargsyan

YEREVAN. Nov 26 (Interfax) - The negotiations on the price of the gas supplied by Russia to Armenia are expected to be completed before the end of this year, Armenian Prime Minister Tigran Sargsyan said.

"I think we should complete the negotiations before the end of this year. We have reached agreements on the main principles and we now have some technical details we need to work on," he said in an interview with Interfax.

Sargsyan said the parties are negotiating the conditions on which gas supplies will be continued, including the price conditions.

"The prices will change with regard for the situation on the world markets. Obviously, they cannot be fixed forever. The global economic situation changes, prices go up or down, and, of course, the negotiating parties reach agreements on the methods for determining the price," the prime minister said. At the same time, he did not specify how the gas price will change for Armenian consumers, saying that everything will depend on the gas prices on the global market.

"I don't want to send pessimistic impulses to our society. Let's wait. It is incorrect to present provisions that are taken out of context for public debate during the negotiation process. It's wrong. For this reason, everything will become clear when we complete the negotiation process," Sargsyan said.

Sargsyan said the negotiations with Russia are going constructively.