RIA OREANDA
Economic News
April 13, 2006 Thursday

Gazprom and ArmRosgazprom Discuss the Course of Realization of
Agreement on Strategic Principles of Cooperation

Moscow. OREANDA. Gazprom’s Headquarters has hosted a working meeting
between Alexey Miller, Chairman of Gazprom’s Management Committee and
Karen Karapetyan, Director General of ArmRosgazprom. The parties
discussed the implementation of the Agreement on the strategic
principles of cooperation between Gazprom and the Government of the
Republic of Armenia.

Special attention was paid to the purchase and rehabilitation of the
fifth power-generating unit of the Razdan CHP with the view of
ensuring efficient gas-fired power generation in Armenia.

Gazprom resumed natural gas deliveries to Armenia in June 2003 and,
at present, is the only supplier of gas to the Republic. Gazexport, a
Gazprom 100% subsidiary, delivers gas to the Armenian-Russian border,
where gas is purchased by ArmRosgazprom. Over 2005 Gazprom provided
Armenian consumers with 1.7 billion cubic metres of natural gas. The
ArmRosgazprom Company was incorporated in December 1997. Gazprom, the
Armenian Energy Ministry and ITERA own 45%, 45% and 10% of
ArmRosgazprom’s stake, respectively.