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Russian Gas Supplies To Armenia Up 23% In Nine Months

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  • Russian Gas Supplies To Armenia Up 23% In Nine Months

    RUSSIAN GAS SUPPLIES TO ARMENIA UP 23% IN NINE MONTHS

    Russia & CIS Business and Financial Newswire
    October 30, 2007 Tuesday 10:01 AM MSK

    Armenian imports of Russian natural gas grew 22.9% in the first
    nine months of the year to 1.392 billion cubic meters, a source at
    Armrosgazprom told Interfax.

    Natural gas sales totaled 1.237 billion cubic meters in the period,
    up 21.8% from the same period last year. That included 303.8 million
    cubic meters sold in the energy sector (unchanged year-on-year),
    355.29 million cubic meters for the public (compared with 255.14
    million cubic meters in the same period last year), and 293.61 million
    cubic meters for industry (234.3 million cubic meters).

    Armenian-Russian company Armrosgazprom is the monopoly gas supplier
    in Armenia. Gazprom (RTS: GAZP) owns 57.59%, the Armenian government
    owns 34.7%, and Itera (RTS: ITER) owns 7.71%.

    Armenia has been paying $110 per 1,000 cubic meters of Russian gas
    since the start of 2006.
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