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According To Director General Of Armrusgazprom, Rise In Gas Tariffs

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  • According To Director General Of Armrusgazprom, Rise In Gas Tariffs

    ACCORDING TO DIRECTOR GENERAL OF ARMRUSGAZPROM, RISE IN GAS TARIFFS IN ARMENIA FROM APRIL 1st NOT TO BE BURDENSOME FOR ECONOMY AND POPULATION

    Noyan Tapan
    http://www.nt.am/news.php?shownews=117646
    Se p 23, 2008

    YEREVAN, SEPTEMBER 23, NOYAN TAPAN. The rise in the gas tariffs in
    Armenia starting from April 1st of next year will not be burdensome
    for the economy and residents - gas users, the director general of
    the board of ArmRusgazprom CJSC Karen Karapetian gave his assurances
    during the September 23 briefing with reporters. He refrained from
    announcing the tariffs, noting that these tariffs will be determined
    by the RA Public Services Regulatory Commission. ArmRusgazrom will soon
    submit a bid to the commission which will determine the tariff sizes.

    K. Karapetian underlined the importance of signing the 2009-2015
    agreement on natural gas supply of the Republic of Armenia, which
    is based in particular on the fact that Gazprom is not only a gas
    supplying and selling company but also "one of our shareholders and it
    is interested in developing the gas market and the economy." The head
    of ArmRusgazprom also attached importance to the provision, by which
    the gradual change of gas prices shall be in line with the rates in
    Russia, in the domestic markets. He also expressed a positive opinion
    about the use of the new tariff from April 1st, 2009, which will enable
    to spend the winter and to adapt to new prices in milder conditions.

    During a consultation with the participation of Armenian President
    Serzh Sargsyan, Karen Karapetian pointed out, among the achievements
    of the company, the growth of the gas supply network installation -
    from 21% to 91%, the growth in imports and sales of natural gas in
    Armenia - more than 2.4fold, including the volumes by filling stations
    - 10fold, by the population - 6.4fold and by industry - 2.3fold. He
    announced that the number of actual users increased 5.1fold, the gas
    distribution network was expanded 2.1fold, and the volume of stored
    natural gas grew 2fold. "The natural gas used as engine fuel in the
    transport sector substitutes for about 300-330 thousand tons of oil
    product, thanks to which the annual savings make 380-400 million
    dollars, according to our calculations," K. Karapetian said.

    As regards the financial economic indices, he attached special
    importance to 2,5fold growth in the average salary of the company's
    employees: ArmRusgazprom has become a profitable enterprise from an
    unprofitable one, with its profit reaching nearly 12 billion drams.

    Among the tasks of their company, K. Karapetian indicated the signing
    of an agreement on natural gas supply of Armenia through 2015:
    ensuring a not sharp growth of the gas price, as well as improving
    the safety level of the gas supply of users.

    According to K. Karapetian, the investments of the company will amount
    to 720-750 million dollars in 2008-2010, including the implementation
    of gas energy programs. Among the biggest investment programs he
    indicated the purchase, construction and modernization of the 5th
    power unit of Hrazdan Thermal Power Plant which cost about 430
    million dollars.
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