ArmRosGazprom renamed Gazprom Armenia
Gazprom CEO Alexei Miller and Armenian Energy and Natural Resources Minister Armen Movsisyan have signed a purchase-sale agreement for 20% of shares in ArmRosGazprom to further an intergovernmental agreement between Russia and Armenia, Gazprom said, as reported by Interfax.
As a result of the deal, Gazprom will increase its interest in ArmRosGazprom to 100%. The company will be renamed Gazprom Armenia.
"Gazprom has been successfully working with its Armenian colleagues in many areas for many years. We have implemented major projects, both in mainline transport and electricity. But most importantly, a major, socially important result was achieved for Armenia - we reached a gasification level of 96%," Miller was quoted as saying in the press release.
“Another important area of our cooperation is natural gas vehicle fuel. The number of NGV fuelling stations in Armenia even exceeds their number in Russia. And we have something to learn from our Armenian colleagues," Miller said.