Gazprom Armenia plans to invest more than 28 billion drams in 2018-2020.

It is fixed by the investment program for 2018-2020 presented to the Public Services Regulatory Commission of the Republic of Armenia.

The investments will be directed to the construction of new gas pipelines, the introduction of modern equipment and technologies, the acquisition of motor vehicles and mechanisms, land plots, buildings, and other real estate, expansion of the Abovyan gas underground storage facility (HPPC).

In 2018 investments are expected to be 2.9 billion, 3.1 billion in 2019, and 22.1 billion drams in 2020, 2.5 billion of which will go to the construction of new highway gas pipelines , 1.8 billion in 2019, and 3.3 billion drams in 2020. And the biggest investment will be implemented by the company in 2020 for the expansion of Abovyan SCS, about 18.7 billion drams. The investment program presented by the company is currently under discussion and will be clarified within the next week on the date of the session, during which it will be approved.

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