ArmenPress
Jan 25 2005
NATURAL GAS OPERATOR DOES NOT PLAN PRICE RISE FOR 2005
YEREVAN, JANUARY 25, ARMENPRESS: Hayrusgazard natural gas operator
has dismissed rumours that it may raise the price of natural gas in
2005. The Russian-Armenian company, which is the sole supplier of
Russian gas to Armenia, has sent its 2005-2007 investment program to
Public Utilities Regulating Commission to seek its approval.
The company plans to invest more than 22 billion drams in three
years and wants to end the full gasification of the country in 2007.
Before the collapse of the Soviet Union Armenia had 450,000 gas
consumers. Hayrusgard’s ambitious plans envisage to surpass this
number.
Last year 1.330 billion cubic meters of gas were shipped to
Armenia from Russia, in 2005 some 1.680 billion cubic meters are
expected to be delivered. In 1991 Armenia imported more than 6
billion cubic meters of gas.