RA PRESIDENT, GAZPROM CEO DISCUSS REFINERY CONSTRUCTION IN ARMENIA

PanARMENIAN.Net
20.05.2008 13:48 GMT+04:00

/PanARMENIAN.Net/ Armenia’s President Serzh Sargsyan met Monday with
Gazprom CEO Alexei Miller, the RA leader’s press office reported.

Welcoming the guest, the President said that in the name of Gazprom,
Armenia has a reliable and promising partner. He voiced confidence that
the cooperation will develop successfully, acquiring new dimensions.

The parties mentioned with satisfaction that in recent years
ArmRusgazprom’s activities have been rather efficient, the figures
impressive and the very fact that the company has increased the volume
of gas consumption speaks not only about the company’s growth but also
proves the sustainable growth of the Armenian economy as a whole. Among
other achievements, the recent increase in gas consumption by the
population of Armenia was mentioned. According to the President, as
a result of a large-scale gasification of the country, today Armenia
is among the countries with the highest level of gas consumption.

Referring to the gas tariffs and price making, Mr Miller informed
that starting from 2011 Gazprom plans to introduce equal tariffs
for the internal consumption as well as for the exported gas. It was
agreed to change the prices gradually until 2011, taking into account
that Gazprom holds 72 per cent of the ArmRusgazprom as well as the
necessity to make the entire process predictable and affordable for
the Armenian consumers.

M Sargsyan and Mr Miller also negotiated construction of a refinery
and other investment programs implemented by Gazprom within the energy
system of Armenia.