Gazprom Armenia CEO talks company’s investmentsOctober 8, 2014 - 19:31 AMT PanARMENIAN.Net - Gazprom Armenia CJSC is one of the main investors in Armenia's economy, with the investment for the 10 years totaling $900 million, the company’s deputy CEO said. At an event in Tsakhkadzor, Hrant Tadevosyan spoke about the use of natural gas as a motor fuel. “At present, 334 gas stations are operating in Armenia, with 1 station for every 90 square kilometers. Due to an extensive network of gas stations, compressed natural gas is viewed as the fuel of choice, rather than an alternative one, in Armenia,” Tadevosyan said. Tadevosyan further briefed the audience on the company-implemented major investment projects, including the large-scale gasification of the republic, Iran-Armenia gas pipeline construction, reconstruction and modernization of a Hrazdan hydroelectric power station bloc, improvement of gas calculation system, installation of security systems, expansion of Abovyan underground gas storage facility. According to official data, Russian gas supplies to Armenia in January-June 2014 grew by 4,1% against last year to total 984.2 million cubic meters. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |