23 MILLION EUROS NEEDED FOR UPGRADING ABOVIAN GAS STOREHOUSE
ArmenPress
May 13 2004
YEREVAN, MAY 13, ARMENPRESS: A 23 million euros worth project for
upgrading an underground natural gas storehouse in the town of Abovian,
some 20 off the capital Yerevan, developed by HayRusGazArd company,
the sole supplier of Russian gas to Armenia, was praised highly
by the European Bank for Reconstruction and Development (EBRD) and
participants of a round table, held on the sidelines of a ministerial
meeting of INOGATE program.
Edward Nersisian, head of HayRusGazArd’s department for external
relations, told Armenpress the underground storehouse is of key
importance for Armenia in terms of its safe gas supply and energy
independence and “is no less important than the Iran-Armenia gas
pipeline the construction of which is supposed to start later this
year.
The upgraded storehouse will be able to store some 200 million cubic
meters of gas, while today it can contain only 80 million. In case
of securing the necessary funds the upgrading will be over in 2-3
years. Nersisian said a mobile station for quick repair of breaks
on the pipeline is expected to come to Armenia as part of INOGATE’s
2004 program.