On 8 September, Gazprom Armenia announced that it will optimize its personnel and cut salaries by 20%. The General Director of “Gazprom Armenia” Hrant Tadevosyan stated that the company's management will have to cut up to 1000 employees. 

This move from “Gazprom Armenia” is associated with the decision of the National Commission for the Regulation of Public Services (PSRC), which refused to sharply raise gas tariffs. For households, the cost of fuel did not change at all, and for large enterprises and agribusiness it increased by less than the company demanded. The management of “Gazprom Armenia” considered the gas at the weighted average tariff of 255.06 USD per thousand cubic meters too cheap, proposing to raise it to 283.14 USD. But the regulator only increased the cost to 266.71 USD. At the same time, the Armenian regulator established new tariffs for local consumers of blue fuel. Thus, tariffs for households and small businesses remained the same, despite the company's request, which sought the inverse. Prices increased only for larger businesses.

Earlier it became known that half-year profit of "Gazprom" according to international financial reporting standards (IFRS) fell from 836.5 billion rubles to 32.919 billion. These statistics are associated with the collapse of the cost of gas in the European and other world markets, as well as the expansion of liquefied natural gas (LNG), to which the company's European customers are switching.

On the last day of 2019, Gazprom Export LLC and Gazprom Armenia CJSC signed an additional agreement to the contract for the supply of Russian gas to Armenia. According to the document, from January 1, 2020, the price of Russian gas for the republic has remained at the same level - 165 USD per thousand cubic meters. The contract for the supply of Russian gas between Gazprom Export and Gazprom Armenia in the amount of up to 2.5 billion cubic meters per year is valid until the end of 2020. Gazprom Armenia carries out transportation, storage, distribution and sale of gas, reconstruction and expansion of the gas transmission system and underground storage facilities in the republic.