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Heads Of "Gazprom" And "Armrusgasprom" Discuss Bringing Into EffectA

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  • Heads Of "Gazprom" And "Armrusgasprom" Discuss Bringing Into EffectA

    HEADS OF "GASPROM" AND "ARMRUSGASPROM" DISCUSS BRINGING INTO EFFECT AGREEMENT ON STRATEGIC PRINCIPLES OF COOPERATION IN MOSCOW

    ARKA News Agency, Armenia
    April 13 2006

    YEREVAN, April 13. /ARKA/. The President of "Gasprom"Alexei Miller and
    General Manager of the "ArmRusgasprom" CJSC Karen Karapetyan discussed
    bringing into effect agreement on strategic principles of cooperation
    between the holding and the RA Government the overnight in Moscow.

    According to the Public Information Department of the "Gasprom", during
    the working meeting Miller and Karapetyan paid special attention to
    the issue of purchase and accomplishment of the Hrazdan HPP's 5th
    block for effective gas processing into electricity on the territory
    of the republic.

    On April 6, "Gasprom" and the RA Government signed an agreement for
    25 years defining strategic principles of cooperation in gas-energy
    projects on the territory of Armenia. The document envisages purchase
    of the 5th power-unit of the Hrazdan heat power plant (Hrazdan-5)
    from the RA Government by the "ArmRusgasprom" CJSC, as well as objects
    of gas sphere of the republic. The agreement fixes the possibility
    of exporting electricity produced by Hrazdan-5. It also fixes the
    price for the Russian gas imported to Armenia equal to $110 for 1
    thsd cubic meters of gas till January 2009.

    Preliminary agreements on sell-purchase of must be signed till April
    14, 2006, and the final passing of the property must be finished till
    January 1, 2007.
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