Gasprom Delegation Attends Completion Ceremony For Kajaran-Ararat Se

GASPROM DELEGATION ATTENDS COMPLETION CEREMONY FOR KAJARAN-ARARAT SECTION OF IRAN-ARMENIA GAS MAIN

ARKA
Dec 3, 2008

YEREVAN, December 3. /ARKA/. A Gasprom delegation led by Board
Chairman Alexey Miller participated in a function on the occasion
of the welding of the last seam of the Kajaran-Ararat section of the
Iran-Armenia gas main.

The press service of the Gasprom OJSC reported that Alexey Miller
held a meeting with RA President Serge Sargsyan. The sides made a
high appraisal of the multi-aspect cooperation between Gasprom and
Armenia and expressed their confidence in its further development.

"Our long-term strategic cooperation with Armenia is based on mutual
confidence. Gasprom not only sells gas to Armenia, but is also involved
in gas transmission and marketing in the country. We have long-term
joint plans in the electric energy sector," Miller said.

He pointed out that the ArmRosgasprom Russian-Armenian JV has
been successfully operating for over ten years and constructed
the Kajaran-Ararat section of the gas main. "I am sure the new gas
main will essentially enhance the reliability of energy supply in
Armenia and properly contribute to the development of the region’s
gas infrastructure," Miller said.

The 206.5km-long Kajaran-Ararat section links the Iran-Armenia gas main
with Armenia’s gas transmission system. The section was constructed
by the ArmRosgasprom CJSC.

ArmRosgasprom holds a monopoly o f the supply and transmission of the
Russian gas in Armenia. The company was founded in 1997 by Gasprom
(69.94%), RA Ministry of Energy and Natural Resources (26.23%) and
Itera oil and gas company.