YEREVAN, JULY 29, ARMENPRESS. “Gasprom Armenia” company will compensate the difference of the gas price reduction to Armenia’s state budget. Deputy Minister of Energy and Natural Resources of Armenia Iosif Isayan recalled at the Government’s session that the natural gas price for Armenia in the border is set 150 USD for 1000 cubic meters for the period of April 1 to December 31 in 2016, reports “Armenpres”.

According to the calculation in the tariff approved by the Public Service Regulatory Commission, the gas purchase price is 189 USD for 1000 cubic meters. Starting from July 1, 2016, the gas purchase price is 150 USD for 1000 cubic meters. Based on the decision, the difference between 189 USD and 165 USD for 1000 cubic meters remains to “Gasprom Armenia” CJSC, and the difference between 165 USD and 150 USD for April, May and June must be compensated to the state budget. Thus, the company will transfer 1 billion 789 million 021 thousand AMD to the state budget for April, May and June of this year.