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Gasification Level In Armenia Up To 96% This Year - Gazprom CEO

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  • Gasification Level In Armenia Up To 96% This Year - Gazprom CEO

    GASIFICATION LEVEL IN ARMENIA UP TO 96% THIS YEAR - GAZPROM CEO

    Interfax, Russia
    Feb 27 2014

    YEREVAN. Feb 27

    The level of gasification in Armenia has increased from 21% in 2002
    to 96% this year, OJSC Gazprom (MOEX: GAZP) CEO Alexei Miller said
    Wednesday at a meeting devoted to the integration of CJSC Gazprom
    Armenia into the Gazprom group.

    "In past years there was [accomplished] a colossal surge in
    gasification in Armenia. From 21% in 2002 we [reached] 96% in 2014. I
    can say that quite a lot of regions in Russia can envy such a level
    of gasification," Miller said, a statement issued by Gazprom Armenia
    (formerly CJSC ArmRosgazprom) quotes him as saying.

    It is understood that the gas-supply and gasification programs are
    a basis for stable socioeconomic development in the country, Miller
    said. In recent decades, Armenia and Gazprom have been involved in a
    series of joint projects, such as the fifth power unit at the Hrazdan
    TES (thermal power plant) and the Iran-Armenia gas pipeline, he said.

    As for future plans, Miller said, Gazprom plans to substantially
    increase Gazprom Armenia's operating efficiency, and the goals and
    tasks for the company will be "ambitious."

    The management board chief and general director at Gazprom Armenia,
    Vardan Arutyunian, who presented the meeting's attendees with the
    results of and prospects for the company's financial and business
    activities, said that investment projects of about $900 million played
    a large role in the achievement of positive outcomes.

    Armenia does not produce any of its own natural gas, and relies almost
    exclusively on imports. Gazprom Export LLC delivers gas to the border
    with Armenia, where Gazprom Armenia buys it. The Gazprom group supplied
    the country with 1.96 billion cubic meters of gas in 2013.

    Cf ak

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