Gazprom plans to buy excess share of ArmRosgazprom

Read it in Russian

Gazprom Co (Russia) plans to acquire excess share of ArmRosgazprom (Armenia). As REGNUM is told at the company’s press office, the question of acquiring the shares and of Gazprom’s participation in gas and energy projects in the Armenian territory will be discussed at the next session of Gazprom board of directors on December 18.

At the same time, the company’s spokesperson did not specify what amount of shares is planned to be purchased or what the gas and energy projects could include.

Up to date, Gazprom is basic shareholder of ArmRosgazprom with 57.59% of shares. 34.7% belong to the Armenian Energy Ministry: Itera Co has 7.71%. By 2009, Gazprom plans to increase its stake up to 80%. One of the projects carried out by ArmRosgazprom is construction of the second section of the Iran-Armenia pipeline (Kajaran-Ararat). Overall, $148mn are to invested in the three-year project. After the project is fulfilled, Armenia will be able to import 1.1bn cubic meters of the Iranian gas at the initial stage and from 2019 – 2.3bn cubic meters. The treaty between Iran and Armenia was signed for 20 years. Armenia is to send back 3 kilowatt of electricity per each cubic meter of the Iranian gas.

Gazprom plans to buy excess share of ArmRosgazprom

Pipeliners
He said Gazprom plans to conduct a feasibility study by mid-2010, and that only after that analysis would the Russian company decide whether to build the South Stream pipeline. Analysts have questioned whether Serbia should now be ...

The Oil Drum | DrumBeat: December 2, 2008
MOSCOW (RIA Novosti) - Ukraine's national oil and gas monopoly Naftogaz has asked Gazprom to postpone the deadline for repayment of Ukraine's natural gas debt for September and part of October, the Russian company said Tuesday. ...

Ukraine's Naftogaz chief to hold gas talks with Gazprom Tuesday
"The talks are progressing in accordance with the agreed plan," the spokesman said. According to agreements between Gazprom and Naftogaz reached last week, the Ukrainian company was to partially pay off its $2.4 billion debt for gas ...

Oil nears $45 a barrel | Professional Investor | Citywire
BG fell 3.7% although ongoing speculation it could be a bid target - especially given Gazprom's plans to expand its liquefied natural gas business -offered some support. As the price of crude gets ever closer to $40 per barrel and few ...

Gazprom plans to buy excess share of ArmRosgazprom

PipelinersHe said Gazprom plans to conduct a feasibility study by mid-2010, and that only after that analysis would the Russian company decide whether to build the South Stream pipeline. Analysts have questioned whether Serbia should now be ...

The Oil Drum | DrumBeat: December 2, 2008MOSCOW (RIA Novosti) - Ukraine's national oil and gas monopoly Naftogaz has asked Gazprom to postpone the deadline for repayment of Ukraine's natural gas debt for September and part of October, the Russian company said Tuesday. ...

Ukraine's Naftogaz chief to hold gas talks with Gazprom Tuesday"The talks are progressing in accordance with the agreed plan," the spokesman said. According to agreements between Gazprom and Naftogaz reached last week, the Ukrainian company was to partially pay off its $2.4 billion debt for gas ...

Oil nears $45 a barrel | Professional Investor | CitywireBG fell 3.7% although ongoing speculation it could be a bid target - especially given Gazprom's plans to expand its liquefied natural gas business -offered some support. As the price of crude gets ever closer to $40 per barrel and few ...

Pipeliners
He said Gazprom plans to conduct a feasibility study by mid-2010, and that only after that analysis would the Russian company decide whether to build the South Stream pipeline. Analysts have questioned whether Serbia should now be ...

The Oil Drum | DrumBeat: December 2, 2008
MOSCOW (RIA Novosti) - Ukraine's national oil and gas monopoly Naftogaz has asked Gazprom to postpone the deadline for repayment of Ukraine's natural gas debt for September and part of October, the Russian company said Tuesday. ...

Oil nears $45 a barrel | Professional Investor | Citywire
BG fell 3.7% although ongoing speculation it could be a bid target - especially given Gazprom's plans to expand its liquefied natural gas business -offered some support. As the price of crude gets ever closer to $40 per barrel and few ...