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GAZPROM SETS EYES ON IRAN-ARMENIA PIPELINE
Armenpress
Jun 30 2006
MOSCOW, JUNE 30, ARMENPRESS: Russian Gazprom plans to buy an
Iran-Armenia pipeline currently under construction, RIA news agency
said quoting a deputy chairman of the Russian energy giant as saying
Friday.
"Indeed, we intend to acquire this gas pipeline," Alexander Ryazanov
told an annual shareholders' meeting.
He said the pipeline, with a projected annual capacity of 1.2 billion
cubic meters, would be commissioned in 2007. Ryazanov said putting
the new facility on stream would help provide more reliable supplies
of natural gas to Armenia, which presently receives its gas through
Georgia. "There are problems with the transit of gas to Armenia via
Georgia, as Georgia taps some of the gas," he said.
Gazprom also said it would produce natural gas only under
contracts. "We will only meet the demand of partners who have signed
long-term deals. We will not produce gas until we have sold it,"
chief executive Alexei Miller told an annual shareholders meeting.
Miller said that demand was outstripping supply on the natural gas
market, which meant that the seller was free to choose partners and
the most favorable outlets, as well as cooperate exclusively under
long-term deals. He said Gazprom covered 25% of Europe's natural-gas
needs, whereas its share was only 10% on Asian-Pacific markets.
Armenpress
Jun 30 2006
MOSCOW, JUNE 30, ARMENPRESS: Russian Gazprom plans to buy an
Iran-Armenia pipeline currently under construction, RIA news agency
said quoting a deputy chairman of the Russian energy giant as saying
Friday.
"Indeed, we intend to acquire this gas pipeline," Alexander Ryazanov
told an annual shareholders' meeting.
He said the pipeline, with a projected annual capacity of 1.2 billion
cubic meters, would be commissioned in 2007. Ryazanov said putting
the new facility on stream would help provide more reliable supplies
of natural gas to Armenia, which presently receives its gas through
Georgia. "There are problems with the transit of gas to Armenia via
Georgia, as Georgia taps some of the gas," he said.
Gazprom also said it would produce natural gas only under
contracts. "We will only meet the demand of partners who have signed
long-term deals. We will not produce gas until we have sold it,"
chief executive Alexei Miller told an annual shareholders meeting.
Miller said that demand was outstripping supply on the natural gas
market, which meant that the seller was free to choose partners and
the most favorable outlets, as well as cooperate exclusively under
long-term deals. He said Gazprom covered 25% of Europe's natural-gas
needs, whereas its share was only 10% on Asian-Pacific markets.