BY DATA OF ARMRUSGAZPROM, ABOUT 90% OF ARMENIAN SETTLEMENTS ALREADY PROVIDED WITH GAS SUPPLY NETWORK

Noyan Tapan
Oct 27, 2008

YEREVAN, OCTPOBER 27, NOYAN TAPAN. Since early 2008, ArmRusgazprom
CJSC has implemented a program on repairs and re-laying of the
old gas pipelines as well as on construction of new underground and
surface gas pipelines. NT correspondent was informed by spokeswoman for
ArmRusgazprom Shushan Sardarian that the purpose of the current repair
and construction work is to improve the quality of gas supply. She
said that about 90% of Armenian settlements have already been provided
with a gas supply network now.

To recap, ArmRusgazprom CJSC has the monopoly right to supply and
distribute Russian gas in Armenia. ArmRusgazprom’ main shareholder
is Gazprom with its stake of 82% of shares. Russian gas is supplied
to Armenia through the territory of Georgia. Russia is the monopoly
supplier of gas to Armenia. An average volume of 6.5 million cubic
meters a day is supplied to Armenia at the price of 110 dollars
for a thousand cubic meters. Starting from April 1, 2009, it is
envisaged raising the tariffs of gas supplied to Armenia: the price
for a thousand cubic meters will make 154 dollars instead of previous
110 dollars, while from April 1, 2010, the gas price will make 200
dollars for a thousand cubic meters.