ARMENIA REDUCES GAS IMPORTS 18% IN 9 MTHS

interfax
Oct 25 2010
Russia

Russian-Armenian Armrosgazprom, the exclusive importer of gas to
Armenia, reduced gas deliveries in January-September 2010 17.8%
year-on-year to 987.8 million cubic meters, the company said in
a statement.

Gas sales declined 13.3% to 988 mcm.

Gas consumption declined 15.3% to 339.4 mcm for households, 51.5%
to 103.1 mcm for the power generation sector and rose 2.8% to 230.9
mcm for natural gas automotive filling stations. Gas consumption in
industry also increased, by 4.7% to 188.6 mcm.

Natural gas deliveries to Armenia declined 19.7% to 1.809 bcm in 2009.

Armenia buys most of its gas from Russia, at a price of $180 per
1,000 cubic meters. Since mid-2009 Armenia has swapped electricity
for small volumes of gas from Iran.

Gazprom (RTS: GAZP) owns 80% of Armrosgazprom and the Armenian
government has 20%.

From: A. Papazian