GASPROM: GAS INSTALLATION COVERAGE – 92% IN ARMENIA

ARKA
June 22, 2009

TSAGHKADZOR, June 22. /ARKA/. Gas installation coverage is 92% in
Armenia, Vice Chairman of Gasprom Directors’ Board Valery Golubev
said at international conference on Armenia as a country at the
intersection of communications held in Tsaghkadzor.

It is the highest level among CIS countries and it is twice as greater
as the gas installation coverage in Russia (60%), he said.

It became possible owing to principled and effective approach,
Golubev said.

Today the Soviet time technological chain remains unchanged – Armenia
receives gas from Russia via Georgia, he said.

"ArmRosgasprom" holds the monopoly for supply and distribution of
the Russian natural gas on the domestic market in Armenia. The gas
is delivered to Armenia via Georgia.

The company was founded in 1997. Its stockholders are "Gasprom" open
joint stock company (80%) and the Armenian Government (20%).