Gas Alarms Help Prevent 110 Accidents In Armenia

GAS ALARMS HELP PREVENT 110 ACCIDENTS IN ARMENIA

ARKA
Feb 9, 2009

YEREVAN, February 9. /ARKA/. Installation of gas alarm systems has
helped prevent 110 possible accidents in Armenia, says Armenia’s gas
supplier ArmRosGasProm.

Armenia was the first country in the CIS to launch last December
mass installation of gas alarms in multistory buildings. Currently,
14,000 local gas consumers use security appliances in their apartments.

ArmRosGasProm has received140,000 orders to install gas alarms in
households, with Armenia’s 1-04 gas emergency service and AEG Service
getting 70 orders each.

According to ArmRosGasProm 2008 report, 61,168 consumers got connected
to the gas network, with 59,753 being residential population.

Monopolist in Armenia’s gas supply market, ArmRosGasProm CJSC was
established in 1997. Gazprom OJCS and the RA Ministry of Energy used
to hold 45% of the company’s shares each, with Itera Oil and Gas
Company owning 10% of ArmRosGasProm.

After implementing two of the three planned stages of its investment
program (and buying extra shares of ArmRosGasProm in 2006 and 2008)
Gazprom became 75.55% shareholder of the company, with Itera now
holding 4.44% of ArmRosGasProm’s shares.