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Fradkov: Prospects for Russian natural gas exports via Armenia

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  • Fradkov: Prospects for Russian natural gas exports via Armenia

    RIA OREANDA
    Economic News
    July 14, 2004 Wednesday

    Premier Fradkov: There are prospects for Russian natural gas exports
    via Armenia to third countries.


    Moscow. Russias Prime Minister Mikhail Fradkov met with his Armenian
    counterpart A. Markarian as part of the latter's visit to Moscow.
    During their meeting they reiterated that Russia and Armenia intend
    to develop their cooperation in all spheres of business, the
    presidential press service said today.

    Fradkov stated that Russia and Armenia cooperate successfully in the
    economic sphere, as their trade turnover increased by 30% y/o/y.
    According to Fradkov, toward the end of this year the
    intergovernmental commission on trade and economic cooperation will
    meet in its regular session to discuss economic and humanitarian
    issues, as well as issues relating to payment of debts resulting from
    Russias property acquisitions in Armenia.

    According to Premier Fradkov, the near future will see solutions to
    problems relating to Russias obligations to invest in companies on
    Armenian territory, which have been transferred to Russia to offset
    Armenias debts to Russia.

    The discussants also addressed issues of military and technical
    cooperation. According to Fradkov, bilateral military and technical
    cooperation will be oriented toward upgrading hardware that had been
    formerly supplied and adopted by the Armenian army and extending its
    service life. In addition, Russia is ready to provide Armenias armed
    forces with the necessary spare parts and equipment.

    In the coming days Russia and Armenia will also complete the
    agreement on cooperation in the natural gas sphere. Fradkov stated
    that issues of cooperation on construction of new gas mains are
    currently under discussion. There are prospects for Russian natural
    gas exports via Armenia to third countries.
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