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ArmRosGasProm To Increase Customer Base

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  • ArmRosGasProm To Increase Customer Base

    ARMROSGASPROM TO INCREASE CUSTOMER BASE

    ARKA News Agency, Armenia
    April 5 2006

    Yerevan, April 5. /ARKA/. In 2006, the "Armrosgasprom" CJSC intends
    to increase the number of users of natural gas by 80-100ths, Director
    General Karen Karapetyan stated at a meeting with RA President Robert
    Kocharyan.

    Karapetyan pointed out that ArmRosgasprom currently has 360,600
    customers, which is accounted for by large-scale installation of
    gas-supply throughout Armenia. Karapetyan added that the gas-supply
    installation is expected to be completed in Armenia in 2007.

    Karapetyan also presented a report on investments in 2005, which
    were mainly directed to the enlargement of the gas-supply network and
    attraction of new customers, re-equipment of the gas-transportation
    system, safe operation and enhancement of reliability of the gas-supply
    network.

    "Simultaneously with the increase in gas supply installation and
    consumption, actually losses in gas can be observed. Serious work
    is also being done to resolve the technical maintenance and safety
    [problems inside residential buildings," Karapetyan said.

    He also stressed the importance of construction of the Iran-Armenia
    gas main. One of the dmain directions of the company's investment
    policy is, according to him, the maintenance and enlargement of the
    Abovyan underground gas storage.

    The Armenian-Russian "ArmRosgasprom" CJSC JV holds a monopoly of supply
    and distribution of Russian gas in Armenia. The RA Government and the
    "Gasprom" OJSC each hold 45% of the company's shares, the rest 10%
    being held by the "Itera" oil and gas company.
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