OREANDA-NEWS. The Board of Directors of Gazprom approved Gazprom’s acquisition of additional shares in ArmRosgazprom.

As a result, the share of Gazprom in ArmRosgazprom will grow from 45 to 58 per cent.

ArmRosgazprom’s major business line is natural gas supply to Armenia’s internal market. In addition, ArmRosgazprom is engaged in natural gas transmission, storage, processing, distribution and marketing, gas transmission system and UGS facility upgrading and expansion in the Republic of Armenia.

The Board of Directors also agreed on Gazprom (UK) Ltd’s acquisition of shares in UrdanetaGazprom-1 S.A. and UrdanetaGazprom-2 S.A. (Venezuela).