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Russian gas deliveries to Armenia up 4% in 11 mths

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  • Russian gas deliveries to Armenia up 4% in 11 mths

    Russia & CIS Business and Financial Newswire
    December 5, 2007 Wednesday 1:08 PM MSK


    Russian gas deliveries to Armenia up 4% in 11 mths


    Russia delivered 1.7827 billion cubic meters of natural gas to
    Armenia in the first 11 months of the year, 3.9% more than in the
    same period a year earlier, the ArmRosgazprom company reported.

    A total of 1.6087 billion cubic meters were sold, including 359.7
    million cubic meters (mcm) to industrial consumers, 434.2 mcm to
    households, and 446.4 mcm to the power generation sector.

    Armenian-Russia ArmRosgazprom is the monopoly supplier of gas to
    Armenia. The company's shareholders are Gazprom (RTS: GAZP) with
    57.59%, Armenia with 34.7% and Itera (RTS: ITER) with 7.71%.

    Armenia pays $110 per 1,000 cubic meters for Russian gas. The price
    has been effective since January 1, 2006.

    From: Emil Lazarian | Ararat NewsPress
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