Number Of Gas Network Subscribers 530,000 In Armenia As Of April 15

NUMBER OF GAS NETWORK SUBSCRIBERS 530,000 IN ARMENIA AS OF APRIL 15

ARKA
April 17, 2008

YEREVAN, April 17. /ARKA/. The number of subscribers of gas network was
530,000 in Armenia as of April 15, the Press Service of ArmRosgasprom
reported.

According to the report, 529,231 were connected to the gas network as
of April 1. The number of actual gas consumers increased by 2,872 in
March only. In 2007 increase in potential subscribers of ArmRosgasprom
was 10.1% and increase in real gas consumers – 17.6% in Armenia.

"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%).