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Gazprom and ArmRosgazprom Discuss the Course of Realization

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  • Gazprom and ArmRosgazprom Discuss the Course of Realization

    RIA OREANDA
    Economic News
    April 13, 2006 Thursday

    Gazprom and ArmRosgazprom Discuss the Course of Realization of
    Agreement on Strategic Principles of Cooperation


    Moscow. OREANDA. Gazprom's Headquarters has hosted a working meeting
    between Alexey Miller, Chairman of Gazprom's Management Committee and
    Karen Karapetyan, Director General of ArmRosgazprom. The parties
    discussed the implementation of the Agreement on the strategic
    principles of cooperation between Gazprom and the Government of the
    Republic of Armenia.

    Special attention was paid to the purchase and rehabilitation of the
    fifth power-generating unit of the Razdan CHP with the view of
    ensuring efficient gas-fired power generation in Armenia.

    Gazprom resumed natural gas deliveries to Armenia in June 2003 and,
    at present, is the only supplier of gas to the Republic. Gazexport, a
    Gazprom 100% subsidiary, delivers gas to the Armenian-Russian border,
    where gas is purchased by ArmRosgazprom. Over 2005 Gazprom provided
    Armenian consumers with 1.7 billion cubic metres of natural gas. The
    ArmRosgazprom Company was incorporated in December 1997. Gazprom, the
    Armenian Energy Ministry and ITERA own 45%, 45% and 10% of
    ArmRosgazprom's stake, respectively.
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