From January to September 2013 Russia reduced gas deliveries to Armenia by 3.7% against the same period last year to 1,272,000,000 cub.m., reported ArmRosgasprom.
During 9 months, 2013 gas sale decreased by 0.5% to 1,122,000,000 cub.m. Armenian energy sector reduced natural gas consumption by 14.9% against last year to 112,800,000 cub.m., while its population – by 8.7% to 361,700,000 cub.m.
During 9 months, 2013 natural gas sale in the industrial sector increased by 10.8% up to 200,700,000 cub.m. Gas consumption by other consumers increased by 1.7% up to 115,900,000 cub.m.
ArmRosgasprom has a monopoly right to deliver and distribute Russian gas at the local market of Armenia. Gas is delivered to Armenia via Georgia. The company was established in 1997 and its shareholders are Russian Gasprom company (80% shares) and the Armenian Ministry of Energy and Natural Resources (20%). Gasprom plans to increase its package in the Armenian gas company up to 100%.—0—
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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