Gazprom, Armenia Discuss Natural Gas Sector Cooperation

Gazprom’s Chairman Alexey Miller met Armen Movsisyan, Minister of Energy and Natural Resources of the Republic of Armenia, to address the development of cooperation between Russia and Armenia in the natural gas sector.

“The meeting also looked into the possibility of increasing Gazprom’s stake in ArmRosgazprom to 100%,” reads a note released on Monday.

Miller and Movsisyan discussed Russian gas pricing for Armenian consumers and Gazprom’s participation in energy project in Armenia.

According to Tehran Times, ArmRosgrazprom is also considering opportunities to purchasing Iranian gas. Vardan Harutyunyan, CEO and head of ArmRosgazprom company’s board, recently said that the company might buy more Iranian gas if it was cheaper than Russian, despite this scenario was rather unlikely.