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Natural gas operator does not plan price rise for 2005

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  • Natural gas operator does not plan price rise for 2005

    ArmenPress
    Jan 25 2005


    NATURAL GAS OPERATOR DOES NOT PLAN PRICE RISE FOR 2005

    YEREVAN, JANUARY 25, ARMENPRESS: Hayrusgazard natural gas operator
    has dismissed rumours that it may raise the price of natural gas in
    2005. The Russian-Armenian company, which is the sole supplier of
    Russian gas to Armenia, has sent its 2005-2007 investment program to
    Public Utilities Regulating Commission to seek its approval.
    The company plans to invest more than 22 billion drams in three
    years and wants to end the full gasification of the country in 2007.
    Before the collapse of the Soviet Union Armenia had 450,000 gas
    consumers. Hayrusgard's ambitious plans envisage to surpass this
    number.
    Last year 1.330 billion cubic meters of gas were shipped to
    Armenia from Russia, in 2005 some 1.680 billion cubic meters are
    expected to be delivered. In 1991 Armenia imported more than 6
    billion cubic meters of gas.
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