On September 23, the Public Services Regulatory Commission (PSRC) approved the application for prolongation of Gazprom Armenia's license for distribution and transportation of natural gas to Armenia. The PSRC also approved the company's application for prolongation of the license of electric power export to Georgia.
Gazprom Armenia submitted the relevant application to the PSRC on 26 August 2015. The license for distribution and transportation of natural gas to Armenia was prolonged till 29 September 2017.
In addition, the PSRC prolonged the license for electric power export to Georgia till 1 October 2016.
To note, Gazprom Armenia is a 100% subsidiary of Gazprom OJSC (previously ArmRusgasprom CJSC founded in December 1997).