ARMRUSGAZPROM INVESTS 83 MILLION DOLLARS IN SYSTEM IN PAST 5 YEARS

Noyan Tapan
Oct 31 2006

YEREVAN, OCTOBER 31, NOYAN TAPAN. In the past 5 years, ArmRusgazprom
company has invested 83 million USD in the system. The overall
revenues of the company made 236 mln USD, its profit – 3 mln 750
thousand USD. Karen Karapetian, Chairman of ArmRusgazprom Board,
General Executive Director of the company, said this at the October
31 press conference. Natural gas imports into Armenia increased by
61% in 2006 on 2001, while the use of gas grew by 65%. The number of
commercial users increased by 526% compared with 2001, while the number
of subscribers increased by 336% and made 450 thousand. According to K.
Karapetian, gas supply networks have been installed in 97 communities
and city districts of various marzes. In early 2007, the number
of potential subscribers will make 630 thousand, while the number
of actual subscribers will exceed 450 thousand. K. Karapetian said
that in the indicated period the consumption volume of gas filling
stations has grown by 636%. According to him, the current capacity
of the Abovian underground gas depot makes 110 million cubic meters,
and it is envisaged to increase this capacity to 150 mln cubic meters
in 2009.