Over 31,000 Cases Of Incompliance With Gas Consumption Requirements

OVER 31,000 CASES OF INCOMPLIANCE WITH GAS CONSUMPTION REQUIREMENTS RECORDED IN JAN-FEB

ARKA
March 13, 2008

YEREVAN, March 13. /ARKA/. The company on technical maintenance of
domestic gas supply systems "AIG Service" made 226,247 check-up visits
in Armenia in January-February 2008.

As a result, 31,590 acts were made on incompliance with gas consumption
requirements, the Press Service of "ArmRosgasprom" Armenian-Russian
company on import and distribution of gas.

According to "ArmRosgasprom", only in February the respective service
was provided to 77,093 subscribers or 85.7% against 89,938 planned
subscribers. "AIG Service" failed to provide service to 23,374
subscribers due to "closed doors".

"AIG Service" company on technical maintenance of domestic gas supply
systems was founded in summer 2007 to meet the respective obligations
of "ArmRosGasprom" closed joint stock company (CJSC).

"ArmRosgasprom" enjoys the monopoly for supply and distribution of the
Russian natural gas on the domestic market of Armenia. The company was
established in 1997. Its capital is $580mln currently. The shareholders
are "Gasprom" open joint stock company (57.59%), Armenia’s Ministry
of Energy (34.7%) and "Itera" oil and gas company (7.71%).