ABOVIAN GAS STORAGE CAPACITY TO NOTCH UP 128 MLN CUBIC METERS IN 2008
ARKA
Feb 28, 2008
YEREVAN, February 28. /ARKA/. The ArmRosGasProm Company plans to bring
the capacity of the Abovian gas storage to 128mln cubic meters in 2008.
The production capacity of the gas storage is about 110mln cubic
meters of natural gas. However, after repair-and-renewal operations,
the capacity of the gas storage can notch up to 128mln cubic meters,
the press service of ArmRosGasProm reports.
AMD 1.4bln will be invested in the repair-and-renewal operations
in the gas storage in 2008. The company plans to construct a new
underground reservoir with rated capacity over 1.5 times exceeding
that of the largest reservoirs.
The construction of the underground reservoir will be out into
operation by late 2011. ArmRosGasProm also plans to construct the
second storage and is at present considering the modernization of
the compressor shed.
The capacity of the Abovian gas storage will reach 150mln cubic meters
by late 2011. Constructed in 1962, the Abovian gas storage secures
the country’s energy security. It is located at a depth of 800-1000
meters and stores about 110mln cubic meters of gas. The station is
able to supply Armenia with gas for about two months in case the
gas-transport system is out of order.
Monopolist in Armenia’s gas supply market, the ArmRosgasprom CJSC
was established in 1997. The company’s capital amounts $580mln. Its
shareholders are the Gasprom OJCS (57.59% of shares), the RA Ministry
of Energy (34.7%) and the Itera Oil and Gas Company (7.71%).