GAZPROM TAKING OVER ARMENIA’S PIPELINES.

Armenia’s Energy Ministry and Russia’s Gazprom have agreed to transfer the entire gas transportation system of Armenia to a Russian-controlled joint venture. The decision was signed at a session just held in Yerevan by the board of that joint company, ArmRosGazprom. The Armenian side holds 45 percent, Gazprom another 45 percent and Gazprom’s affiliate Itera 10 percent of the stock. The decision to create ArmRosGazprom was made at last year’s Russian-Armenian summit in Moscow at which the two countries’ military alliance treaty was signed. (Golos Armenii, July 9)

U.S. GIANTS TEAM UP FOR TURKMEN GAS PIPELINE PROJECT.