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Gazprom reduces gas supplies to Armenia in 2013

February 03, 2014, 12:15 UTC+3 MOSCOW

In 2014-2016, Gazprom will invest in Armenia’s gas sector $90 million

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© ITAR-TASS/Leonid Scheglov

MOSCOW, February 03. /ITAR-TASS/. Russia’ natural gas monopoly Gazprom reduced in 2013 supplies of gas to Armenia by 0.6% year-on-year to 1.956 billion cubic meters, ArmRosgazprom reports.

In 2012, Armenia received 1.967 billion cubic meters of Russian natural gas.

Year-on-year, the consumption of gas in the energy sector in Armenia grew by 8.9% and by 5.4% in the industrial sector. The individuals’ consumption went down by 0.6 percent to 539 million cubic meters.

In 2014-2016, Gazprom will invest in Armenia’s gas sector $90 million.

In late 2013, the Armenian government sold to Gazprom 20% of shares in ArmRosgazprom’s capital in settlement of the debt for 2012. Thus, the Russian monopoly became a sole owner of the Armenian gas company. Gazprom export supplies natural gas to the border with Armenia, and from there ArmRosgas is buying the gas. Armenia is not producing gas; and the republic’s energy depends practically fully on imported gas.

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