Gazprom a three-day period where gas supplies to Ukraine were halved, Gazprom agreed to supply Ukraine with gas for the rest of the year. The contract removed intermediary companies. On 1 April 2014, Gazprom increased the gas price charged to Ukraine from $268.50 to $385.50 (£231.00) per 1,000 cubic metres. Ukraine's unpaid gas bills to Russia stood at $1.7bn (£1.02bn). On 30 October 2014, Russia agreed to resume gas supplies to Ukraine over the winter in a deal brokered by the European Union. Gazprom is a vertically integrated company, one which owns its supply and distribution activities. Gazprom owns all its
Energy in Armenia December 2010, the Armenian Energy Ministry announced that the fifth block of the Hrazdan thermal power plant will go online by April 2011. Although construction on the fifth block began in the late 1980s, the Armenian government tried to unsuccessfully finish it in the late 1990s. The current project is part of a 2006 deal between Gazprom and the Armenian government, in which Gazprom acquired the incomplete facility and increased its stake in Armenia's gas distribution network, in turn pledging to spend $200 million in completing the project by 2011. Hydropower plants have an established capacity of 1,038 MW. The