Armenian, Georgian Gas Engineers Discuss Gas Transit Problem

ARMENIAN, GEORGIAN GAS ENGINEERS DISCUSS GAS TRANSIT PROBLEM

ARKA
March 5, 2008

YEREVAN, March 5. /ARKA/. Representatives of the Oil and Gas
Corporation of Georgia and of the ArmRosgasprom Company held a
technical meeting in Tbilisi on February 28-29 to discuss the issue
of gas transit to Armenia.

The ArmRoasgasprom Company reports that the meeting discussed a wide
range of issue, including problems of gas supply to Armenia as well
as increase of the capacity of the north Caucasus-Transcaucasus gas
transport system.

The meeting determined the ways of further development of cooperation
in accomplishing programs.

The ArmRosgasprom Company holds a monopoly of supply and distribution
of Russian gas in Armenia. Gas is transited to Armenia through Georgia.

The company was founded in 1997, the stockholders being Gasprom (57.59%
of shares), RA Ministry of Energy (34.7%) and ITERA (7.71%).

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