Gazprom increasing its stake in ArmRosgazprom to 100 per cent

Gazprom increasing its stake in ArmRosgazprom to 100 per cent

Alexey Miller, Chairman of the Gazprom Management Committee and Armen Movsisyan, Minister of Energy and Natural Resources of the Republic of Armenia signed today in the Gazprom headquarters a Sales and Purchase Agreement for 20 per cent of ArmRosgazprom’s shares. The document was signed in furtherance of the intergovernmental Agreement between the Russian Federation and the Republic of Armenia.
Armen Movsisyan, Minister of Energy and Natural Resources of Republic of Armenia and Alexey Miller sign Sales and Purchase Agreement for 20 per cent of ArmRosgazprom shares – Gazprom’s ownership stake in ArmRosgazprom increases to 100 per cent
As a result of the deal, Gazprom’s ownership stake in ArmRosgazprom was increased to 100 per cent. The company will be named Gazprom Armenia.
Armen Movsisyan, Minister of Energy and Natural Resources of Republic of Armenia and Alexey Miller sign Sales and Purchase Agreement for 20 per cent of ArmRosgazprom shares – Gazprom’s ownership stake in ArmRosgazprom increases to 100 per cent
“This deal fully complies with the spirit of strategic cooperation between Russia and Armenia. Gazprom has been successfully cooperating with Armenian partners in many areas and for many years. We have implemented large-scale projects both in main gas transportation and power generation. But above all, Armenia has achieved a major socially important result – we reached the gasification level of 96 per cent.
Another key area of our cooperation is the NGV sector. Armenia has even more CNG filling stations than Russia. We all have something to learn from our Armenian colleagues.
“Gazprom has always been and will remain a reliable partner for Armenia,” said Alexey Miller.
Source: www.gazprom.com
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