ARMROSGAZPROM TO OWN HRAZDAN THERMAL PLANT 5TH ENERGY BLOCK AND IRAN-ARMENIA GAS PIPELINE

PanARMENIAN.Net
06.04.2006 21:38 GMT+04:00

/PanARMENIAN.Net/ The Armenian Government will convey the 5th Energy
Block of Hrazdan Thermal Plant and the first part of Iran-Armenia gas
pipeline to ArmRosGazprom. The corresponding agreement for 25 years
determines strategic principles of cooperation in gas and energy
projects in the territory of Armenia. According to the arrangement,
Russian gas price makes $110 for 1 thousand cubic meters till January
1, 2009.

According to the agreement the Armenian Government pledges to grant
ArmRosGazprom CJSC functions of the customer of the second part
of Iran-Armenia gas pipeline, which makes some 197km. According
to Gazprom Press Service, the preliminary sale contract should be
concluded before April 14, 2006. The ownership of the objects will
be finally conveyed before January 1, 2007. Upon the completion
of the deal Gazprom Public Corporation share in ArmRosGazprom CJSC
establishment capital will make qualified majority.