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GAZPROM ARMENIA TO SPEND 11 BILLION DRAMS THIS YEAR ON MODERNIZATION OF FACILITY
YEREVAN, March 30. / ARKA /. The investment program of Armenia's
Russia-owned natural gas distribution company Gazprom Armenia for
2015 is worth 11 billion drams, Armenia's Public Services Regulatory
Commission (PSRC) said today.
It said the company is going to channel 1.3 billion drams of that
amount into the renovation and expansion of the Abovyan underground
gas storage facility. Another 3.87 billion drams will be used to
reconstruct the gas transportation system.
The Russian Gazprom-owned distributor plans to spend also 392 million
drams on connecting new subscribers to the network. It will also
spend about 5.7 billion drams on the reconstruction of the gas
distribution system.
The regulator said Gazprom-Armenia should present its investment
program for 2016-2018 until October 15 this year.
The company's investment program for 2014-2016 is worth 37.3 billion
drams. Some 25 billion drams of that amount is to be spent on the
upgrading of the gas transportation system and another 12 billion
drams on the modernization of the gas distribution system.
In December 2013, Gazprom signed a contract with Gazprom Armenia on
natural gas supplies in 2014-2018. According to it, Gazprom will
deliver up to 2.5 billion cubic meters of gas every year. The gas
price will be determined by a formula linked to the Russian gas
pricing scheme. ($1 - 471.63 drams). -0-
http://arka.am/en/news/business/gazprom_armenia_to_spend_11_billion_drams_this_yea r_on_modernization_of_facility/#sthash.OKsosoBl.dpuf
YEREVAN, March 30. / ARKA /. The investment program of Armenia's
Russia-owned natural gas distribution company Gazprom Armenia for
2015 is worth 11 billion drams, Armenia's Public Services Regulatory
Commission (PSRC) said today.
It said the company is going to channel 1.3 billion drams of that
amount into the renovation and expansion of the Abovyan underground
gas storage facility. Another 3.87 billion drams will be used to
reconstruct the gas transportation system.
The Russian Gazprom-owned distributor plans to spend also 392 million
drams on connecting new subscribers to the network. It will also
spend about 5.7 billion drams on the reconstruction of the gas
distribution system.
The regulator said Gazprom-Armenia should present its investment
program for 2016-2018 until October 15 this year.
The company's investment program for 2014-2016 is worth 37.3 billion
drams. Some 25 billion drams of that amount is to be spent on the
upgrading of the gas transportation system and another 12 billion
drams on the modernization of the gas distribution system.
In December 2013, Gazprom signed a contract with Gazprom Armenia on
natural gas supplies in 2014-2018. According to it, Gazprom will
deliver up to 2.5 billion cubic meters of gas every year. The gas
price will be determined by a formula linked to the Russian gas
pricing scheme. ($1 - 471.63 drams). -0-
http://arka.am/en/news/business/gazprom_armenia_to_spend_11_billion_drams_this_yea r_on_modernization_of_facility/#sthash.OKsosoBl.dpuf