RUSSIAN GAS DELIVERIES TO ARMENIA DOWN 15% IN H1
Interfax
July 16 2009
Russia
Russian gas deliveries to Armenia fell 14.8% in the first half of 2009
year-on-year to 938.8 million cubic meters, exclusive gas supplier
Armrosgazprom reported.
The company blamed declining demand from Armenian consumers due to
tighter household budgets since the onset of the crisis, relatively
warm winter weather in the period and technical limitations on the
production of electricity.
A total of 867.7 mcm of gas was sold in Armenia in the six months,
14% less than in the same period last year.
Household gas consumption fell 4.2% to 344.6 mcm, consumption by
industry tumbled 37.2% to 116.8 mcm and consumption by generating
companies was down 26.7% to 157.4 mcm.
Armenia purchases gas from Russia for $154 per 1,000 cubic meters.
Deliveries from Iran started up in May.
Armrosgazprom was set up in December 1997. Gazprom (RTS: GAZP) has
an 80% interest and the Armenian government has 20%.