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Gas Connections To Be Accomplished Throughout Armenia Within Next Ye

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  • Gas Connections To Be Accomplished Throughout Armenia Within Next Ye

    GAS CONNECTIONS TO BE ACCOMPLISHED THROUGHOUT ARMENIA WITHIN NEXT YEARS

    ARKA News Agency
    Nov 14 2007
    Armenia

    YEREVAN, November 14. /ARKA/. Gas connections will be accomplished
    throughout Armenia within a couple of next years, Armenia's Minister of
    Energy Armen Movsisian said at the session of the Armenian Parliament.

    In the last four years about 400,000 subscribers got connected to the
    gas network with the total number of subscribers reaching 480,000,"
    the Minister said. In the next years, gas connection will be provided
    to some 600-650,000 subscribers. Movsisian also said that the gas
    communications under competence of ArmRosgasprom Armenian company
    are not being dismantled in the country.

    As of November 1, 496,297 subscribers are connected to the gas network.

    ArmRosgasprom Closed Joint Stock Company enjoys the monopoly for
    delivery and distribution of the Russian natural gas on the domestic
    market of Armenia. The gas is supplied via Georgia.

    The company was founded in 1997. Currently its capital totals
    $398.8mln. The shareholders are "Gasprom" Open Joint Stock Company
    (57.59%), Ministry of Energy of Armenia (34.7%) and "Itera" oil-gas
    company (7.71%).
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