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    Categories: 2017

Alexey Miller and Serzh Sargsyan express appreciation for robust use of natural gas in Armenia

Indian Oil and gas news
June 21, 2017


Alexey Miller and Serzh Sargsyan express appreciation for robust use
of natural gas in Armenia

New Delhi

New Delhi, Jun. 21 -- Yerevan on 16 June 2017, hosted working meetings
of Alexey Miller, Chairman of the Gazprom Management Committee, with
Armenian President Serzh Sargsyan and Armenian Prime Minister Karen
Karapetyan.


The meetings addressed the development of Armenia's gas industry.
Specifically, the meeting participants noted a high level of gas
penetration in the country, amounting to 96 per cent. They also
expressed their appreciation for a robust use of natural gas in
different economic sectors, including transportation. At present,
around 80 per cent of vehicles in the country run on natural gas.
Russian gas exports to Armenia stand at some 1.9 billion cubic metres
per year. Armenia's gas consumption is growing this year, with gas
supplies from Russia already exceeding 1 billion cubic metres over the
first five and a half months of 2017 (+35 per cent compared to 2016).

The meeting also touched upon the issues regarding Armenia's gas
supply network development and gas grid expansion, focusing, inter
alia, on the General Scheme prepared by Gazprom. The parties discussed
the prospects for the construction of a new compressor station at the
Abovyanskoye underground gas storage facility and gas trunklines
inside the country, as well as for the overhaul of Armenia's existing
gas transmission and distribution infrastructure.
Background

Gazprom Armenia, a wholly-owned subsidiary of Gazprom, is focused on
natural gas supplies to the Armenian market. In addition, the company
transports, stores, distributes and sells natural gas, as well as
upgrades and expands the gas transmission system and underground gas
storage facilities in the Republic of Armenia.

In 2013, Gazprom and Gazprom Armenia signed the contract for up to 2.5
billion cubic meters of Russian gas to be supplied annually to Armenia
in 2014-2018. On April 7, 2016, an addendum to the contract was
signed. Gas is delivered to the Armenian border by Gazprom Export.

The General Scheme of Gas Supply to and Gasification of the Armenian
Republic provides for large-scale overhaul, upgrade and modernisation
of the country's gas transmission infrastructure and underground gas
storage capacities.

Hovik Karapetian:
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