Gas Consortium is Largest Venture of Recent Years

YEREVAN (Respublica Armenii)–The Armrosgasprom joint stock company–which was created in Moscow on August 30 is–perhaps–the largest joint venture created in the last years.

Yet–it is not the first joint venture of this type. Armenia began collaboration with French Gas de France company in 1994–based on the Armfragas joint stock company. Both joint ventures serve the same purpose of delivering natural gas to Armenia and restoring the supply of natural gas for the Armenian population.

It is expected that Armfragas will establish close collaboration with Armrosgasprom–and may even fit somewhere in its structure.

Even though operations on restoration of the natural gas supply to the population has begun–the development is slow because of a shortage of financing for reconstruction of the distribution system.

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