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"Armenia May Become A Good Market Of Energy In The Region"

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  • "Armenia May Become A Good Market Of Energy In The Region"

    "ARMENIA MAY BECOME A GOOD MARKET OF ENERGY IN THE REGION"
    By Ara Martirosian, translated by L.H.

    AZG Armenian Daily #167
    14/09/2007

    Announced ArmRosgasprom Director General

    On September 12 took place ArmRosgasprom Board of Directors meeting
    dedicated to the 10th Anniversary of ArmRosgasprom. President Robert
    Kocharian, Minister of Energy Armen Movsissian, also representatives
    of the main shareholder Russian "Gasprom" were present at the meeting.

    After the meeting Gazprom's Management Committee Deputy Chairman
    Valery Golubev and ArmRosgasprom Director General Karen Karapetian
    met the journalists.

    Valery Golubev spoke about the main achievements of ArmRosgasprom
    in the last 10 years. "The first achievement is the high index of
    gasification in Armenia, and the index of Armenia's gasification
    is much higher than even Russia's", mentioned Gazprom's Management
    Committee Deputy.

    The next achievement is in the sphere of car gasification. Valeri
    Golubev mentioned that gas is more economizing and cleaner fuel than
    diesel oil.

    The third is the change in the system of gas consumption. If before
    the main consumer of the gas was energetics, at present the values of
    the gas consumption of population and little and middle enterprises
    has increased.

    Analyzing the company's indexes of 2006, the Board of Directors has
    recorded that all the economic indexes have increased.

    What about the gas price Valery Golubev mentioned that $110 for
    thousand c. m. that Armenia pays presently is the lowest price. Only
    Belarus' gas price is lower, but it will increase to $130 for thousand
    c. m. in 2008.

    Valeri Golubev also mentioned that ArmRosgasprom had already purchased
    the Iran-Armenia gas pipeline.

    Karen Karapetian underlined that ArmRosgasprom could make Armenia a
    good market of energy in the region.

    Two gas pipelines enter Armenia from Russia and Iran, the 5th energetic
    block of Hrasdan is going to be reconstructed, and in case of creation
    of oil-refinery in the future there will be a good chance of selling
    the produced energy in the region.

    At the end of the briefing the Director General of ArmRosgasprom
    mentioned that due to gas consumption the population of Armenia saves
    about $300 mln annually, and the transport - $180 mln.

    The measures devoted to the 10th anniversary of ArmRosgasprom finished
    up with the concert of Armenian and Russian popular singers and
    musicians in the Republic Square.
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