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Russia Natural Gas Supplies To Armenia Up By 3% YoY

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  • Russia Natural Gas Supplies To Armenia Up By 3% YoY

    RUSSIA NATURAL GAS SUPPLIES TO ARMENIA UP BY 3% YOY

    SteelGuru
    July 30 2008
    India

    RIA Novosti reported that Russia's natural gas supplies to Armenia
    increased 2.8% YoY in the first six months of 2008 to 1.1 billion
    cubic meters.

    According to ArmRosgazprom, which supplies and distributes Russian
    natural gas on the Armenian market, the South Caucasus republic
    consumed 1.009 billion cubic meters of natural gas in the reporting
    period or 6.2% more than in the same period last year, with 215
    million cubic meter going to the power sector, 360 million cubic
    meter to households and 186 million cubic meter to industry.

    ArmRosgazprom was established in 1997 as a joint Russian-Armenian
    natural gas pipeline venture. The company has charter capital of 278
    billion Armenian drams. Its core shareholders are Gazprom (72.16%),
    the Armenian Ministry of Energy and Natural Resources (22.78%) and
    Russian oil and gas company Itera (5.06%).
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