GAS SUPPLIES TO ARMENIA RESTORED

Neftegaz.RU
Jan 13 2009
Russia

A spokesman for the ArmRosgazprom joint venture said Tuesday that
repair work to the pipeline had been completed, and gas supplies to
Armenia resumed at about 03:00 p.m. GMT on Monday.

The resumption of gas supplies to Armenia was confirmed by the Georgian
oil and gas corporation.

"Supplies were suspended due to technical problems caused by a serious
gas leak from a corrosive pipe. Workers kept their promise to repair
the damaged section within five days," the spokesman said.

Armenia currently consumes 8.5 million-9 million cubic meters of
gas daily.

The Armenian-Russian joint gas venture, ArmRosgazprom, has a monopoly
on Russian gas supplies and distribution in Armenia.

Russian energy giant Gazprom controls 75.55% in the joint venture,
the Armenian government holds a 20% stake, and Russia’s Itera company
another 4.44%.