Russia's Gazprom lifts price of gas supply to Armenia in 2019

MOSCOW: Russian gas giant Gazprom will supply Armenia with gas for $165 per 1,000 cubic metres in 2019, the company said on Monday, up from $150 this year.

The deal was stuck at a meeting between Gazprom chief executive Alexei Miller and Armenian Deputy Prime Minister Mher Grigoryan in Moscow, the company said in a statement.

Gazprom's gas price for Armenia is still lower than the average price it charges its European clients in long-term contracts, which stands at $250 per 1,000 cubic metres.