Tweet
GAZPROM INCREASES SHARE IN ARMENIAN GAS DISTRIBUTOR TO 100%
Oil and Gas Industry Latest News
Jan 17 2014
January 17, 2014
Russian natural gas giant Gazprom has signed a deal to increase its
stake in buy 20% Armenian gas pipeline operator ArmRosgazprom by
acquiring a 20% stake from the Armenian government, Gazprom said late
on January 16 in a statement, Prime has reported.
The agreement was signed by Gazprom's CEO Alexei Miller and Armenian
Energy and Natural Resources Minister Armen Movsisyan.
Gazprom said it will rebrand the company into Gazprom Armenia.
Earlier on January 16, the Armenian government approved selling its
20% in ArmRosgazprom to Gazprom.
Armenia agreed to sell 20.0007% in ArmRosgazprom to Gazprom for U.S.
$156 million, with the money to be used as repayment of Yerevan's
accumulated debt to Moscow.
Armenia owes $300 million to Russia for gas supplied at a reduced
price in 2011-2013.
http://oilandgaseurasia.com/en/news/gazprom-increases-share-armenian-gas-distributor-100
From: Baghdasarian
Oil and Gas Industry Latest News
Jan 17 2014
January 17, 2014
Russian natural gas giant Gazprom has signed a deal to increase its
stake in buy 20% Armenian gas pipeline operator ArmRosgazprom by
acquiring a 20% stake from the Armenian government, Gazprom said late
on January 16 in a statement, Prime has reported.
The agreement was signed by Gazprom's CEO Alexei Miller and Armenian
Energy and Natural Resources Minister Armen Movsisyan.
Gazprom said it will rebrand the company into Gazprom Armenia.
Earlier on January 16, the Armenian government approved selling its
20% in ArmRosgazprom to Gazprom.
Armenia agreed to sell 20.0007% in ArmRosgazprom to Gazprom for U.S.
$156 million, with the money to be used as repayment of Yerevan's
accumulated debt to Moscow.
Armenia owes $300 million to Russia for gas supplied at a reduced
price in 2011-2013.
http://oilandgaseurasia.com/en/news/gazprom-increases-share-armenian-gas-distributor-100
From: Baghdasarian