ArmRosGasProm Investigating Reasons For Russian Gas Supply Reduction

ARMROSGASPROM INVESTIGATING REASONS FOR RUSSIAN GAS SUPPLY REDUCTION IN ARMENIA

ARKA
Aug 12, 2008

YEREVAN, August 12. /ARKA/. ArmRosGasProm, subsidiary of the Russian
gas export monopoly Gazprom, is investigating the reasons for the
reduction of gas exports through the territory of Georgia to Armenia.

"We want to find out why the natural gas supplies to Armenia have
considerably reduced," ArmRosGasProm Press Secretary Shushan Sardaryan
said.

Russia daily supplies Armenia with 5mln cubic meters of natural
gas. "We do not know exactly how much gas is currently being exported
to Armenia," Sardaryan added.

She pointed out that the company has no information about the current
situation in the gas main.

Monopolist in Armenia’s gas supply market, the ArmRosgasprom CJSC
was established in 1997. The company’s capital amounts $580mln. Its
shareholders are the Gasprom OJCS (57.59% of shares), the RA Ministry
of Energy (34.7%) and the Itera Oil and Gas Company (7.71%).