77 MLN CUBIC METERS OF GAS PUMPED INTO ABOVYAN GAS STORAGE IN ARMENIA IN JAN-OCT
ARKA
Dec 2, 2008
YEREVAN, December 2. /ARKA/. In order to ensure timely gas supply
to Armenian consumers, a total of 77mln cubic meters of natural gas
were pumped into Abovyan gas storage in January-October this year,
which is by 6% more than in the same period of last year, the press
service of ArmRosgasprom closed joint stock company reported.
Volume of scheduled repair and reconstruction works under the storage
modernization program amounted to about 500mln Drams this year. The
volume of the gas stored is expected to reach 123mln cubic meters by
the end of the year, says the report.
Under favorable conditions and if repair works are completed
successfully at backup wells, "ArmRosgasprom" is to be able to reserve
250mln cubic meters of gas by the end of 2013, the company’s press
service reported.
"ArmRosgasprom" closed joint stock company was founded in 1997.
"Gasprom" open joint stock company and Armenian Ministry of Energy had
45% of the shares each with the remaining 10% belonging to "Itera". In
the scope of three planned investment stages of the project (after
purchase of additional shares of ArmRosgasprom in 2006 and 2008)
the share of "Gasprom" company in the authorized stock has increased
to 75.55%. The share of the Armenian Government is 20% and that of
"Itera 4.44%. (1$=305.31Drams).