INTENSIVE PROCESS OF GAS SUPPLY RESTORATION TO BE COMPLETED IN ARMENIA BY LATE 2006

Noyan Tapan
May 22 2006

YEREVAN, MAY 22, NOYAN TAPAN. As of January 1, 2006, the number of
actual users of ArmRusgazprom company made 531,853 against 485,585
users in the Soviet time. ArmRusgazprom’s Director General Karen
Karapetian said during the May 22 round table that 41 cities and 376
rural communities of Armenia have been provided with gas supply. It
is planned to provide Davidashen and Nor Nork communities of Yerevan
(where there was no gas supply network previously) with gas supply in
June-July. K. Karapetian said that gas supply provision work of 899.3
mln drams (about 2 mln USD) was done in the first quarter of this
year, as a result of which the number of actual users has increased
by another 11,624, while that of possible users – by 5,100. It was
noted that the intensive stage of gas supply restoration process will
be completed in Armenia by 2007. The company has launched a move,
under which those to submit an application for gas supply provision
in the period from April 1 to August 1 may become ArmRusgazprom’s
users without making a prepayment of 40,000 drams. According to
K. Karapetian, under agreements signed with Converse Bank and Anelik
Bank, credits will be given to citizens to carry out in-house assembly
work. The credist are repayable over a year and carry interest rates
of 18-22%. The in-house work is done by ArmRusgazprom only.
From: Baghdasarian