Today within the XIII St. Petersburg International Economic Forum Alexey Miller, Chairman of the Management Committee, Gazprom met with Karen Karapetyan, Chairman of the Management Committee, ArmRosGazprom.

“Cooperation between Gazprom and Armenia is evolving pursuant to a very successful formula. Previously, we have agreed upon a gradual transfer to the European pricing system, in a preferential regime for Armenia, while consolidating Gazprom’s positions in the energy market of the Republic by increasing the Company’s stake in ArmRosGazprom. This approach fully conforms to the mutual interests of Russia and Armenia.

Our partnership is of an integrated character and comprises the power generation industry in addition to the gas industry. Such an approach to cooperation resulted in diversification of gas supplies to the Republic and an increase in the Armenian energy security. In particular, for these purposes ArmRosGazprom has constructed the Kajaran – Ararat section of the Iran – Armenia gas pipeline,” said Alexey Miller.