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77 Mln Cubic Meters Of Gas Pumped Into Abovyan Gas Storage In Armeni

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  • 77 Mln Cubic Meters Of Gas Pumped Into Abovyan Gas Storage In Armeni

    77 MLN CUBIC METERS OF GAS PUMPED INTO ABOVYAN GAS STORAGE IN ARMENIA IN JAN-OCT

    ARKA
    Dec 2, 2008

    YEREVAN, December 2. /ARKA/. In order to ensure timely gas supply
    to Armenian consumers, a total of 77mln cubic meters of natural gas
    were pumped into Abovyan gas storage in January-October this year,
    which is by 6% more than in the same period of last year, the press
    service of ArmRosgasprom closed joint stock company reported.

    Volume of scheduled repair and reconstruction works under the storage
    modernization program amounted to about 500mln Drams this year. The
    volume of the gas stored is expected to reach 123mln cubic meters by
    the end of the year, says the report.

    Under favorable conditions and if repair works are completed
    successfully at backup wells, "ArmRosgasprom" is to be able to reserve
    250mln cubic meters of gas by the end of 2013, the company's press
    service reported.

    "ArmRosgasprom" closed joint stock company was founded in 1997.

    "Gasprom" open joint stock company and Armenian Ministry of Energy had
    45% of the shares each with the remaining 10% belonging to "Itera". In
    the scope of three planned investment stages of the project (after
    purchase of additional shares of ArmRosgasprom in 2006 and 2008)
    the share of "Gasprom" company in the authorized stock has increased
    to 75.55%. The share of the Armenian Government is 20% and that of
    "Itera 4.44%. (1$=305.31Drams).
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