Number Of Gas Subscribers Exceeds 535,700 In Armenia

NUMBER OF GAS SUBSCRIBERS EXCEEDS 535,700 IN ARMENIA

ARKA
June 10, 2008

YEREVAN, June 11. /ARKA/. The number of subscribers connected to
Armenian gas network had totaled 535,741 by June 1, the Press Service
of ArmRosgasprom closed joint stock company reported.

According to company, the number of subscribers who got connected to
the gas network in the first five months of 2008 was 19,469. The number
of actual gas consumers of ArmRosgasprom grew by 4,001 subscribers
in May only, the Press Service of the company reported.

"ArmRosgasprom" holds the monopoly for supply and distribution of
the Russian natural gas on the domestic market of Armenia.

The company was founded in 1997. Its capital is about $900mln
currently. The shareholders are "Gasprom" open joint stock company
(72.16%), Armenia’s Ministry of Energy and Natural Resources (22.78%)
and "Itera" oil and gas company (5.06%).