Tuesday, November 28 2017 13:37
Alexandr Avanesov

The investment program of Gazprom Armenia JSC is presented for  the years of   2018-2020

The investment program of Gazprom Armenia JSC is presented for  the years of   2018-2020

ArmInfo. "Gazprom Armenia" CJSC submitted to the Commission on Regulation of Public Services (PSRC) the Investment Program of the Company for 2018- 2020.

According to the press service of the company, in the period from 2018 to 2020, the total amount of capital expenditures will be 32.56 billion drams, of which 28.32 billion drams will be directed to the gas transportation system, 4.24 billion drams - to the gas distribution system.

The aim of the investment program is to ensure conditions for uninterrupted, stable and secure gas supply through capital investments.

ZAO Gazprom Armenia is a 100% subsidiary of PJSC Gazprom, ensuring the supply and sale of natural gas on the domestic market of the Republic of Armenia. As part of the Gas Transportation System (GTS), 1,682.2 km of main gas pipelines and gas outlets are serviced. As part of the gas distribution system, 14,902 km of high, medium and low pressure gas pipelines and auxiliary facilities are currently serviced.

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