Armenia To Raise Georgian Gas Supplies To 15mln M3 Daily In Winterti

ARMENIA TO RAISE GEORGIAN GAS SUPPLIES TO 15MLN M3 DAILY IN WINTERTIME

ARKA
Dec 11, 2008

YEREVAN, December 11. /ARKA/. Armenia is planning to bring the Georgian
gas supplies up to 15mln cubic meters per day in wintertime, Armenian
Premier Tigran Sargsyan said.

To achieve this, intense work was carried out with the Georgian
colleagues on reconstruction of the network on the Georgian territory
this year, the Premier told journalists in Tbilisi in summarizing
the results of the 7th sitting of Armenian-Georgian intergovernmental
commission on economic cooperation. The work was successfully completed
and "we expressed gratitude to our Georgian colleagues for prompt
work", Armenian Premier said.

Sargsyan said that an extra run of the pipeline will be required
only if additional agreements are made about increasing the gas
supply volume.

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

"ArmRosgasprom" was founded in 1997. 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%. (1$=308.41Drams).