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Russian gas supplies to Armenia to be increased

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  • Russian gas supplies to Armenia to be increased

    RIA Novosti, Russia
    Dec 11 2004

    RUSSIAN GAS SUPPLIES TO ARMENIA TO BE INCREASED TO 1.350 BILLION
    CUBIC METERS BY END OF 2004


    YEREVAN, December 11 (RIA Novosti's Gamlet Matevosyan) - By the end
    of 2004 the Armenian-Russian company ArmRosgazprom is to increase gas
    supplies to Armenia from 1.300 to 1.350 billion cubic meters,
    ArmRogazprom CEO and director general Karen Karapetyan told
    journalists.

    According to him, next year the company is to increase gas supplies
    to Armenia to 1.6-1.7 billion cubic meters taking into account the
    rates of gasification and consumption volumes in the country.

    The capacity of the Abovyan gasholder will be expanded from current
    85 million cubic meters to 220-250 million cubic meters, said Mr.
    Karapetyan. This will cost $27 million, he added. To finance the
    program the company is negotiating with several banks, including
    foreign ones, on granting credit.

    "The implementation of this program will guarantee our security in an
    emergency. I am convinced that the problem of Armenia's energy
    security will be solved soon, given the forthcoming opening of the
    alternative Iran-Armenia gas pipeline," Karen Karapetyan noted.

    The Armenian-Russian company ArmRosgazprom is the single supplier of
    natural gas to Armenia.
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