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Pashinyan Promises No Natural Gas Price Hike in Near Term

Natural gas consumers in Armenia won’t be paying more for the blue fuel for the foreseeable future according to acting Armenian Prime Minister Nikol Pashinyan.

Pashinyan, in a Facebook video posted today, said that while Gazprom will raise the price of gas it exports to Armenia, the increase will not be passed along to consumers as a result of an agreement the Armenian government has reached with Gazprom Armenia, the utility that distributes the gas to the end consumer in Armenia.

Pahsinyan did not go into specifics regarding the agreement and who exactly would be absorbing the price increase, but he claimed that Armenian government debt to Russia wouldn’t increase as a result.

Pashinyan said he wanted to counter media speculation regarding a natural gas price hike and that he spoke with Russian President Vladimir Putin twice yesterday on the matter.