ARMENIAN PRESIDENT RECEIVES HEAD OF GASPROM

ARMENPRESS
May 19, 2008

YEREVAN, MAY 19, ARMENPRESS: Armenian President Serzh Sargsian received
today the head of "Gasprom" company Alexey Miller.

Presidential press service told Armenpress that greeting the guest
the Armenian president said that "Gasprom" is Armenia’s stable and
prospective partner and expressed assurance that the partnership
will not only continue developing successfully in future but will
also gain new content.

The sides said that during the recent years "Armrusgasard" is
working quite effectively, the indexes are impressing and the fact
that the volume of gas consuming has essentially increased in the
country witnesses not only about the stable development of the
company but Armenia’s economy as well. The increase of the number
of gas consumers during the recent years has also been noted as an
important achievement. The president said as a result of wide-range
of gasification work Armenia is one of the most gasified countries
in the world.

The interlocutors also spoke about the gas tariffs and formation of
prices. A. Miller said that "Gasprom" is planning to ensure equal
income in 2011 both for Russia and for exported gas. The sides agreed
that until 2011 the changes of gas tariffs will be agreed step by step.

During the meeting they also referred to the pace of other investment
programs "Gasprom" is carrying out in Armenia’s energy sector.