Gazprom, Armenia Discuss Cooperation in Energy Sector

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Serzh Sargsyan, President of the Republic of Armenia took place in Yerevan as part of Gazprom delegation’s visit to Armenia.

The parties addressed the main cooperation issues in the energy sector. It was stressed that the international agreements signed in December 2013 gave a major boost to further economic development of Armenia.

A focus was placed on prospective activities of Gazprom Armenia (former ArmRosgazprom), which became a wholly-owned subsidiary of Gazprom. The meeting noted that enhancing the reliability of gas supplies to Armenian consumers was the main priority of the company.

Alexey Miller and Serzh Sargsyan agreed to jointly develop a General Gas Supply and Gasification Scheme of Armenia.

As part of the visit, Alexey Miller met with employees of Gazprom Armenia.

In addition, special attention was paid to the ongoing integration of Gazprom Armenia into Gazprom. It was highlighted that adjusting the corporate standards of Gazprom Armenia in alignment with those accepted in Gazprom would significantly improve the company’s performance. The meeting also considered the production and marketing outlook of Gazprom Armenia.

“Gazprom’s expansion in Armenia guarantees sound and sustainable development of Armenian fuel and energy sector, fortifies its energy security and significantly contributes to the socioeconomic growth of the country,” said Alexey Miller.

Press Release, February 27, 2014; Image: Gazprom

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