Your trusted source

The Armenian government is in talks with Russia on the possibility of gaining a price cut for natural gas supplied to the country, Garegin Baghramyan, Chairman of Armenia's Public Services Regulatory Commission, told reporters after a government meeting on Thursday.

The official stressed the negotiations are taking place with several stages.

His comment came in response to a question about whether the gas price issue is expected to be settled finally during Russian President Putin’s visit to Armenia.

Baghramyan said however the natural gas talks have nothing to do with the Russian president's visit. Meanwhile, he said it can be linked more to determining the price of Russia gas at the border.

Asked whether there is a possibility of gaining a price cut at the border, Baghramyan said: “I can’t predict anything at the moment. Naturally, each side is negotiating to achieve a more economically beneficial result. We, as expected, are negotiating a reduction of gas prices,” he said.