RUSSIAN GAS SUPPLIES TO ARMENIA UP 11% ON YEAR IN JAN-NOV

Prime-Tass English-language Business Newswire
December 17, 2008 Wednesday 4:03 PM EET

Russia’s natural gas supplies to Armenia increased 1% on the year to
2.005 billion cubic meters in January-November, the press office of
Russian-Armenian gas pipeline operator ArmRosgazprom said Wednesday.

Gas consumption in Armenia was at 1.847 billion cubic meters in the
period, the company said.

ArmRosgazprom, created in 1997, has a monopoly on the import and
distribution of Russian natural gas in Armenia. Russia supplies
gas to Armenia via Georgia. ArmRosgazprom also specializes in the
transportation, storage, processing, distribution and sale of gas,
as well as in the reconstruction and expansion of underground storage
facilities and gas transportation systems in Armenia.

Russia’s natural gas monopoly Gazprom holds 69.94% in ArmRosgazprom,
while Armenia’s Energy Ministry holds 26.23%, and Russian gas producer
Itera holds 5.82%.