ArmRosgasprom: Average Daily Gas Consumption 9mln Cub. M In Armenia

ARMROSGASPROM: AVERAGE DAILY GAS CONSUMPTION 9MLN CUB. M IN ARMENIA AS FROM JAN 1

ARKA
Jan 9, 2008

YEREVAN, January 9. /ARKA/. As from January 1 2009 average daily
gas consumption is 9mln cubic meters in Armenia as per the demand,
says the report on the official website of ArmRosgasprom company.

According to the central dispatch service of the company, gas supply
and consumption schedules are settled throughout the country and
uninterrupted gas supply is provided to consumers. No gas pressure
fluctuations are recorded, the report says.

"ArmRosgasprom" holds the monopoly for supply and distribution of the
Russian natural gas on the domestic market in Armenia. The company
was founded in 1997. "Gasprom" open joint stock company and Armenian
Ministry of Energy had 45% of the shares each with the remaining 10%
belonging to "Itera". After implementation of two out of three planned
investment stages of the project (after purchase of additional shares
of ArmRosgasprom in 2006 and 2008) the share of "Gasprom" company
in the authorized stock has increased to 75.55%. The share of the
Armenian Government is 20% and that of "Itera" 4.44%.