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Gazprom-Armenia Cooperation Success

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  • Gazprom-Armenia Cooperation Success

    GAZPROM-ARMENIA COOPERATION SUCCESS

    ARKA
    June 5, 2009

    YEREVAN, June 5. /ARKA/. Alexey Miller, Gazprom Board Chairman,
    believes that the Russian company's cooperation with Armenia is
    successful.

    Referring to the Gazprom press service, RIA Novosti reports that the
    sides agreed on a gradual transition to the European pricing system,
    with preferential treatment of Armenia and simultaneous consolidation
    of Gazprom's positions on the Armenian energy market. Gazprom
    plans to expand its presence in Armenia by increasing its share in
    ArmRosgazprom.

    The ArmRosgazprom CJSC is exclusive distributor of the Russian gas
    in Armenia. The company was founded in 1997 by the Gazprom OJSC (80%)
    and the RA Ministry of Energy and Natural Resources (20%).

    "Our partnership involves not only the gas sector, but also the
    electric energy one," Miller said.
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