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Armenia Increases Imports Of Russian Gas By 24% In 9mths

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  • Armenia Increases Imports Of Russian Gas By 24% In 9mths

    ARMENIA INCREASES IMPORTS OF RUSSIAN GAS BY 24% IN 9MTHS

    Interfax
    Oct 23 2012
    Russia

    Total imports of Russian natural gas to Armenia increased by 24.3%
    year-on-year to 1.3225 billion cubic meters (bcm) in January-September
    2012, CJSC ArmRosgazprom said in a statement.

    A total of 1.128 bcm of natural gas was sold in the period, up 12.3%
    year-on-year.

    Compared with last year, total household demand for natural gas in
    Armenia increased by 11.8% to 396.2 million cubic meters. Gas demand
    in the power sector rose by 42% to 132.5 mcm and industrial sectors -
    up 4.2% to 181.1 mcm. Total consumption of natural gas at Armenian
    NGV refill stations went up by 16.9% to 304.3 mcm. Demand for gas
    from other consumers decreased by 7.1% year-on-year to 114.1 mcm in
    the nine months.

    ArmRosgazprom holds the monopoly for gas supply to Armenia. Russian gas
    giant OJSC Gazprom(RTS: GAZP) owns 80% in this company. The Armenian
    government holds the remaining 20%.


    From: Baghdasarian
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