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Armenia Reduces Gas Imports 18% In 9 Mths

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  • Armenia Reduces Gas Imports 18% In 9 Mths

    ARMENIA REDUCES GAS IMPORTS 18% IN 9 MTHS

    interfax
    Oct 25 2010
    Russia

    Russian-Armenian Armrosgazprom, the exclusive importer of gas to
    Armenia, reduced gas deliveries in January-September 2010 17.8%
    year-on-year to 987.8 million cubic meters, the company said in
    a statement.

    Gas sales declined 13.3% to 988 mcm.

    Gas consumption declined 15.3% to 339.4 mcm for households, 51.5%
    to 103.1 mcm for the power generation sector and rose 2.8% to 230.9
    mcm for natural gas automotive filling stations. Gas consumption in
    industry also increased, by 4.7% to 188.6 mcm.

    Natural gas deliveries to Armenia declined 19.7% to 1.809 bcm in 2009.

    Armenia buys most of its gas from Russia, at a price of $180 per
    1,000 cubic meters. Since mid-2009 Armenia has swapped electricity
    for small volumes of gas from Iran.

    Gazprom (RTS: GAZP) owns 80% of Armrosgazprom and the Armenian
    government has 20%.




    From: A. Papazian
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